Performance Food Group (PFGC) Expected to Post Earnings of $0.33 Per Share

Analysts forecast that Performance Food Group (NYSE:PFGC) will announce earnings per share of $0.33 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Performance Food Group’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.31. Performance Food Group posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The firm is expected to report its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that Performance Food Group will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.60. For the next fiscal year, analysts anticipate that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.94 to $2.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Performance Food Group.

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Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.35 billion. Performance Food Group had a net margin of 1.24% and a return on equity of 15.69%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share.

PFGC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, December 19th. TheStreet upgraded shares of Performance Food Group from a “c” rating to a “b-” rating in a research report on Friday, December 29th. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Performance Food Group in a research report on Wednesday, January 24th. Guggenheim reiterated a “buy” rating and issued a $39.00 price target on shares of Performance Food Group in a research report on Sunday, January 28th. Finally, Loop Capital lifted their price target on shares of Performance Food Group to $40.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.00.

NYSE PFGC opened at $30.65 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.67 and a quick ratio of 0.86. Performance Food Group has a 1-year low of $23.50 and a 1-year high of $35.25. The company has a market capitalization of $3,120.01, a PE ratio of 24.72, a price-to-earnings-growth ratio of 0.90 and a beta of 0.32.

In related news, insider Craig Howard Hoskins sold 12,533 shares of Performance Food Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $30.49, for a total value of $382,131.17. Following the transaction, the insider now directly owns 149,744 shares of the company’s stock, valued at $4,565,694.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Performance Food Group by 62.9% in the fourth quarter. BlackRock Inc. now owns 9,831,747 shares of the restaurant operator’s stock worth $325,432,000 after purchasing an additional 3,797,407 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Performance Food Group by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,797,373 shares of the restaurant operator’s stock worth $125,693,000 after purchasing an additional 233,461 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Performance Food Group by 8.2% in the fourth quarter. Schroder Investment Management Group now owns 3,202,492 shares of the restaurant operator’s stock worth $106,002,000 after purchasing an additional 241,414 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Performance Food Group by 65.3% in the fourth quarter. Citadel Advisors LLC now owns 2,213,262 shares of the restaurant operator’s stock worth $73,259,000 after purchasing an additional 874,348 shares during the last quarter. Finally, Eaton Vance Management grew its stake in shares of Performance Food Group by 1.0% in the fourth quarter. Eaton Vance Management now owns 1,441,846 shares of the restaurant operator’s stock worth $47,725,000 after purchasing an additional 14,966 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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