Ferguson plc (FERG) to Issue Quarterly Dividend of $0.89 on April 30th

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 6th will be given a dividend of 0.89 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th.

Ferguson has raised its dividend by an average of 0.1%annually over the last three years. Ferguson has a dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings.

Ferguson Stock Performance

Shares of NYSE FERG opened at $247.90 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.88 and a debt-to-equity ratio of 0.68. Ferguson has a 52-week low of $146.00 and a 52-week high of $271.64. The company has a market cap of $48.22 billion, a PE ratio of 25.04, a PEG ratio of 2.12 and a beta of 1.17. The firm’s 50-day moving average price is $248.10 and its 200-day moving average price is $240.53.

Ferguson (NYSE:FERG) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a net margin of 6.28% and a return on equity of 35.73%. During the same period in the prior year, the firm earned $1.52 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FERG shares. Deutsche Bank Aktiengesellschaft raised their price objective on Ferguson from $237.00 to $246.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Robert W. Baird upped their price objective on Ferguson from $262.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ferguson in a research report on Thursday, January 22nd. Barclays raised their target price on shares of Ferguson from $278.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Ferguson from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and an average target price of $262.62.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.