Ferguson Enterprises Inc. (NYSE: FERG ) on Monday reported better-than-expected second-quarter results and raised its full-year outlook.
Ferguson reported adjusted earnings of $3.39 per share, topping the $3.29 analyst estimate. Sales rose 4.6% year over year to $8.75 billion, above the $8.67 billion consensus estimate.
Ferguson raised its fiscal 2026 net sales outlook to mid-single-digit growth from its previous forecast for low- to mid-single-digit growth. The company also raised the lower end of its adjusted operating margin outlook to 9.5%-9.8% from 9.4%-9.8%.
Ferguson shares closed at $263.78 on Monday.
These analysts made changes to their price targets on Ferguson following earnings announcement.
Baird analyst David Manthey maintained the stock with an Outperform rating and raised the price target from $285 to $288. Wells Fargo analyst Sam Reid maintained the stock with an Overweight rating and raised the price target from $285 to $295.Considering buying FERG stock? Here’s what analysts think:
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