Form 8-K Ferguson plc For: Mar 05

Go back to Form 8-K Ferguson plc For: Mar 05

William Blair Defending Ferguson Plc. (FERG), 'Buying Opportunity on Slight EPS Miss'

March 6, 2024 7:01 AM EST

William Blair analyst Ryan Merkel reiterated an Outperform rating on Ferguson Plc. (NYSE: FERG).

The analyst comments "Second-quarter EPS missed the Street estimate by 4%, on lower sales and higher operating expense. The sales shortfall was due to contractors taking extended holiday vacations and challenging January weather. Full-year guidance was reiterated as open orders and daily sales trends support a return to positive organic growth during the second half. Importantly, February organic sales were flat and total sales growth was slightly positive with M&Ain line with our model and... More

Ferguson plc (FERG) Mentioned Positively at Zelman

March 6, 2024 6:20 AM EST

Ferguson plc (NYSE: FERG) Mentioned Positively at Zelman

"Buy on Weakness"... More