Performance Food Group (NYSE:PFGC) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Performance Food Group (NYSE:PFGC) announced its quarterly earnings data on Wednesday. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08, Briefing.com reports. Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The business had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the firm posted $1.14 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Performance Food Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Performance Food Group Trading Up 1.3 %

Shares of PFGC stock traded up $0.97 during trading hours on Thursday, reaching $73.22. 1,366,120 shares of the stock were exchanged, compared to its average volume of 1,074,751. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. The company’s 50-day moving average price is $66.43 and its 200-day moving average price is $70.35.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of research reports. Barclays increased their price target on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.89.

Performance Food Group Company Profile

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.