Latest news with #FERG
Yahoo
4 days ago
- Business
- Yahoo
Wells Fargo Turns More Bullish on Ferguson (FERG), Raises TP
On June 4, Wells Fargo analyst Sam Reid reiterated a Buy rating on Ferguson Enterprises Inc. (NYSE:FERG), while raising the price target from $190 to $230. The price target revision follows the company's report of stronger-than-expected third-quarter results, which included an earnings beat and an upward revision of its full-year guidance. The analyst's optimistic view is based on several encouraging trends. Most notably, in its Q3 results, Ferguson witnessed a 50 basis-point year-over-year improvement in gross margins, which helped offset broader cost pressures. The pricing trends also stabilized in the quarter after a long period of deflation, which is a positive development for future revenue visibility. An engineer inspecting a HVAC system, revealing the complexity of the products. In addition, Ferguson kept its SG&A expenses in check despite cost pressures, maintaining stability with efficiency measures. The company reported solid organic sales growth and strong performance across key market segments, reinforcing Reid's positive outlook for the near term. Reid expects the momentum from Q3 to carry into fiscal 2026. The revised guidance for fiscal 2025 further strengthens his optimistic view, backed by improved earnings quality and solid fundamentals that support the higher price target. Ferguson Enterprises Inc. (NYSE:FERG) is a leading distributor of plumbing, HVAC, waterworks, and industrial products in North America. It serves professional contractors and builders across residential, commercial, and industrial markets. While we acknowledge the potential of FERG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Entertainment
- Yahoo
Skilla Baby Injured In Alleged Targeted Drive-By Shooting
Skilla Baby sustained injuries after a drive-by shooting caused him to crash his vehicle into a building. According to TMZ, investigators believe the rapper is the victim of a 'targeted attempt on his life.' The 26-year-old, whose real name is Trevon Gardner, was driving through his hometown of Detroit when the shooting occurred. The tabloid reported the 'Icky Vicky Vibes' performer was alone while cruising through 8 Mile and Beech Daly on Thursday evening (May 22). Lead investigator Edward French informed the tabloid that the unknown suspect pulled up next to Skilla Baby's vehicle and fired roughly 25 rounds. The bullets caused the rapper to swerve and crash into a building, which had to be boarded up due to the damage. The shooter fled the scene; however, a witness transported the musician to the hospital and called law enforcement. Skilla Baby was reportedly shot in the hand, grazed twice in the head and back, and suffered a thigh injury. According to TMZ, French claimed the God's Favorite rapper was doing well and shared a message of gratitude for the support from his fans. In a video shared to Instagram by Metro, a black Tahoe truck is shown lodged into a building. Police are also seen on the scene, marking bullet casings on the ground. The rapper's most recent full project is Crack Music 3, which was issued in November 2024. 'Detroit is gritty but small. Everyone either wants to rap, hoop, or play sports,' detailed Skilla Baby of the Motor City last year with AllHipHop. 'I slept on Eminem for a while, but man, he's one of the greatest. Detroit's always had talent—Motown, Aretha Franklin, Anita Baker, Big Sean, and so many more. People overlook us, but we're coming strong now. Detroit versus everybody!' More from Kendrick Lamar, Snoop Dogg, Dr. Dre, Ice Cube Pull A West Coast Takeover With New Music, And Other New Hip-Hop Releases Ab-Soul, FERG, Young Nudy, And Other New Hip-Hop Releases To Break The Weather Rich Homie Quan Lives On, Rome Streetz And Daringer Pull A Heist, Lil Durk Unloads, And Other Hip-Hop Releases
Zawya
22-05-2025
- Business
- Zawya
FERG strengthens industry stand on financial crime compliance at 13th Annual Summit
Dubai, UAE – The UAE's Foreign Exchange and Remittance Group (FERG) concluded the 13th edition of its Annual Financial Crime Summit today in Dubai, affirming its role as a key voice in the financial sector's efforts to combat economic crime and reinforce compliance standards across the industry. Held under the theme 'Innovation, Integrity, and Intelligence in Compliance,' the event brought together compliance leaders, regulators, and members of financial institutions to deliberate on new challenges and cooperative strategies in an evolving regulatory landscape. In his opening remarks, Osama Al Rahma, Chairman of FERG underscored the organisation's renewed commitment to regulatory partnership and sector-wide advancement. He said, 'FERG continues to evolve as a bridge between policy and practice. As global financial crimes become more sophisticated, our collective responsibility is to ensure that compliance measures are not only robust but also agile and aligned with innovation. We are committed to upholding a unified, informed, and secure financial ecosystem that supports both transparency and growth.' The summit featured a keynote address by Jamal Saleh, Director General, UAE Banks Federation along with panel discussions led by senior representatives from the EY MENA, K2 Integrity, Norton Rose Fulbright, and exchange houses that are part of FERG. These sessions addressed pressing topics such as the integration of Governance, Risk, and Compliance (GRC) frameworks in a digital era, navigating the future of financial services technology and compliance, as well as strengthening MSB compliance posture. A dedicated presentation by the Central Bank of the UAE also shed light on the AML/CFT supervision and the National Risk Assessment 2024. Rashed Al Ansari, Vice Chairman of FERG and CEO of Al Ansari Exchange, said, 'As the first line of defence against financial crime, financial service providers must ensure that compliance is not treated as a procedural necessity, but rather as a core value embedded into every level of the organisation. This summit reflects our joint ambition to lead with integrity while enabling innovation and inclusion in financial services.' The event also marked an opportunity for FERG's new leadership to reinforce the organisation's strategic direction. With a renewed focus on empowering members through knowledge-sharing, policy advocacy, and operational best practices, FERG aims to continue raising the bar for compliance excellence in the UAE. Rajiv Raipancholia, Treasurer of FERG and CEO of Orient Exchange Co. (L.L.C), said, 'The UAE's exchange and remittance sector has long been a pillar of the nation's financial infrastructure. FERG's role is not just to ensure compliance readiness among our members, but to champion a future-ready mindset, where innovation, regulation, and ethical practice converge to protect the integrity of our financial system.' The summit concluded with a renewed call for stronger public-private partnerships to address emerging threats and foster a global compliance culture. About FERG The Foreign Exchange and Remittance Group (FERG) is a non-profit organisation based on the initiative of the Central Bank of UAE. FERG comprises companies engaged in the business of money exchange and remittances, from large sized companies in the UAE with over 100 branches, to single-branch outlets to join a common platform and work towards mutual benefits. FERG, as an organisation through its members, not only complies with the UAE's financial regulations, but also plays a significant role in providing information to the entire industry and works closely with most of its members to ensure all requirements and implementation are being promoted. The Group has also taken up issues that have led to favourable policy amendments by the Central Bank of the UAE, promoted Emiratisation, and supported the implementation of the Wage Protection System. FERG regularly liaises with national police departments to combat dubious financial transactions and works with the Central Bank to implement strict AML policies. For Media Queries: Anas Khaleliah akhaleliah@
Yahoo
16-04-2025
- Business
- Yahoo
Ferguson Enterprises Inc.'s (NYSE:FERG) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Ferguson Enterprises' (NYSE:FERG) stock is up by a considerable 12% over the past week. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Ferguson Enterprises' ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ferguson Enterprises is: 30% = US$1.6b ÷ US$5.5b (Based on the trailing twelve months to January 2025). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.30 in profit. Check out our latest analysis for Ferguson Enterprises We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. First thing first, we like that Ferguson Enterprises has an impressive ROE. Second, a comparison with the average ROE reported by the industry of 15% also doesn't go unnoticed by us. This likely paved the way for the modest 9.2% net income growth seen by Ferguson Enterprises over the past five years. As a next step, we compared Ferguson Enterprises' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 23% in the same period. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is FERG worth today? The intrinsic value infographic in our free research report helps visualize whether FERG is currently mispriced by the market. With a three-year median payout ratio of 34% (implying that the company retains 66% of its profits), it seems that Ferguson Enterprises is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered. Additionally, Ferguson Enterprises has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 33%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 32%. On the whole, we feel that Ferguson Enterprises' performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see a good amount of growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
