Performance Food Group (PFGC) Scheduled to Post Quarterly Earnings on Wednesday

Performance Food Group (NYSE:PFGC) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Performance Food Group has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Performance Food Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Performance Food Group Trading Up 0.4 %

Performance Food Group stock opened at $69.52 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40. The stock has a 50-day moving average price of $72.86 and a 200 day moving average price of $69.15.

Analyst Ratings Changes

PFGC has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. BMO Capital Markets boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Stephens boosted their price target on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Morgan Stanley boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.25.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.