Performance Food Group (PFGC) Set to Announce Quarterly Earnings on Wednesday

Performance Food Group (NYSE:PFGC - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Performance Food Group has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.08. The firm had revenue of $15.20 billion during the quarter, compared to analysts' expectations of $15.25 billion. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. On average, analysts expect Performance Food Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded down $0.47 during midday trading on Wednesday, hitting $81.29. 1,029,947 shares of the company were exchanged, compared to its average volume of 1,012,485. The firm has a 50 day simple moving average of $77.44 and a 200-day simple moving average of $71.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.64 and a quick ratio of 0.76. The firm has a market cap of $12.67 billion, a P/E ratio of 29.30, a PEG ratio of 0.83 and a beta of 1.45. Performance Food Group has a 52 week low of $55.60 and a 52 week high of $83.70.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley restated an "equal weight" rating and issued a $92.00 target price on shares of Performance Food Group in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Jefferies Financial Group boosted their target price on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets raised their price target on Performance Food Group from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, August 15th. Finally, Barclays boosted their price objective on Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Performance Food Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.88.

Insider Transactions at Performance Food Group

In related news, insider Patrick T. Hagerty sold 8,000 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the transaction, the insider now owns 162,987 shares in the company, valued at $12,152,310.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Performance Food Group news, insider George L. Holm sold 63,500 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the sale, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the insider now directly owns 162,987 shares in the company, valued at approximately $12,152,310.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $7,426,075 over the last 90 days. 2.80% of the stock is owned by insiders.

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.