Ferguson plc-These Analysts Boost Their Forecasts On Ferguson Enterprises After Upbeat Q4 Results

Ferguson Enterprises Inc. FERG posted better-than-expected fourth-quarter results on Tuesday.Ferguson Enterprises reported fourth-quarter 2024 sales of $8.5 billion, a 6.9% increase from last year, beating analyst estimates of$ 8.41 billion. Adjusted earnings per share were $3.48, ahead of expectations of$ 2.88 and up 16.8% from the prior year. GAAP diluted EPS was $3.55, up 59.2% from$ 2.23.Ferguson expects mid-single-digit revenue growth for calendar 2025. Adjusted operating margin is projected between 9. ...