Ferguson (FERG)

Sector:

Support

9,544.00p
   
  • Change Today:
      54.00p
  • 52 Week High: 13,305.00p
  • 52 Week Low: 9,110.00p
  • Currency: UK Pounds
  • Shares Issued: 214.40m
  • Volume: 599,483
  • Market Cap: £20,462m

Ferguson raises expectations after strong first quarter

By Sean Farrell

Date: Tuesday 07 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Ferguson said its expectations for annual results had increased after the plumbing and heating distributor reported a surge in first-quarter profit.
Operating profit for the three months to the end of October rose 64.2% to $739m (£556m) as reported net sales increased 26.6% to $5.37bn. On an adjusted basis, operating profit rose 58.5% to $767m.

Revenue growth in the second quarter has been similar to the first, Ferguson said in a trading update. Growth is likely to ease in the second half but the company said its full-year expectations had increased. It did not publish guidance.

The FTSE 100 group said its gross margin increased 1.7% to 31.3% as it managed inflation and controlled costs. Results were boosted by the US where net sales rose 27.1% supported by price inflation in the low teens and solid markets for residential and commercial construction. Net sales rose 19.6% in Canada.

Ferguson said: "Since the start of the second quarter, Ferguson has generated revenue growth similar to that of Q1 2022.

"We continue to expect a tapering of growth in the second half on tougher prior year comparatives and we remain mindful that the recent tailwinds from inflation on gross margins will likely moderate, although the timing and extent remain uncertain. Given the strong momentum in the business and the agility of our business model, our full year expectations have increased."

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Wolseley Market Data

Currency UK Pounds
Share Price 9,544.00p
Change Today 54.00p
% Change 0.57 %
52 Week High 13,305.00p
52 Week Low 9,110.00p
Volume 599,483
Shares Issued 214.40m
Market Cap £20,462m

Wolseley Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.91% below the market average71.91% below the market average71.91% below the market average71.91% below the market average71.91% below the market average
58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average
Price Trend
19.98% above the market average19.98% above the market average19.98% above the market average19.98% above the market average19.98% above the market average
16.81% above the sector average16.81% above the sector average16.81% above the sector average16.81% above the sector average16.81% above the sector average
Income
19.81% below the market average19.81% below the market average19.81% below the market average19.81% below the market average19.81% below the market average
13.89% above the sector average13.89% above the sector average13.89% above the sector average13.89% above the sector average13.89% above the sector average
Growth
33.38% above the market average33.38% above the market average33.38% above the market average33.38% above the market average33.38% above the market average
32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% above the sector average32.08% above the sector average

What The Brokers Say

Strong Buy 9
Buy 3
Neutral 8
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Wolseley Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Mar-22 28-Oct-21
Paid 06-May-22 10-Dec-21
Amount 84.00¢ 166.50¢

Trades for 27-May-2022

Time Volume / Share Price
16:45 58,581 @ 9,510.21p
16:45 1,349 @ 9,554.00p
16:45 1,349 @ 9,554.00p
16:37 83 @ 9,544.00p
16:36 319 @ 9,544.00p

Wolseley Key Personnel

CEO Kevin Murphy
Chair Geoffrey Drabble

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