Ferguson PLC (FERG) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Ferguson PLC reported a slight increase in first-quarter sales to $7.8 billion, despite facing market challenges and commodity price deflation. The company achieved a 3% sales volume growth and declared a 5% increase in its quarterly dividend, while maintaining a strong balance sheet with strategic acquisitions and share repurchases. Ferguson continues to focus on growth opportunities in the plumbing and HVAC markets, supported by its robust cash-generative model.
For further insights into FERG stock, check out TipRanks’ Stock Analysis page.
