Ferguson Plc to Post FY2018 Earnings of $0.41 Per Share, Jefferies Group Forecasts (FERGY)
Ferguson Plc (OTCMKTS:FERGY) – Investment analysts at Jefferies Group boosted their FY2018 earnings per share estimates for Ferguson in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Cullen now forecasts that the company will post earnings per share of $0.41 for the year, up from their prior forecast of $0.39. Jefferies Group also issued estimates for Ferguson’s FY2019 earnings at $0.46 EPS.
A number of other research firms have also issued reports on FERGY. Royal Bank of Canada reiterated a “sector perform” rating on shares of Ferguson in a report on Wednesday. Zacks Investment Research upgraded Ferguson from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Thursday. Numis Securities upgraded Ferguson from a “hold” rating to an “add” rating in a research report on Tuesday. Finally, ValuEngine upgraded Ferguson from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ferguson currently has a consensus rating of “Buy” and an average target price of $9.00.
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Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company’s segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market.
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