Ferguson : T3 décevant et programme de rachat d’actions de 500°M$
>Programme de rachat d’actions - Nouveau programme de rachat d‘actions de 500°M$ sur 1 an. Une bonne surprise, nous attendions ce programme plutôt aux résultats annuels le 1ier octobre prochain. Lors de la conférence téléphonique, le CFO a guidé ~60°M$ par mois et ~6 semaines pour l’exercice 2019 (fin juillet). Au final, le programme de rachat d‘actions devrait être finalisé en 9/12 mois. Le retour de cash reste une habitude, rappelons que le groupe a versé pour 3.5 M...Ferguson is a holding company. Through its subsidiaries, Co. is a distributor of plumbing and heating products in the U.S. Co. operates nationally serving the residential, commercial, civil and industrial markets. Co. operates seven business units in the U.S.: Blended Branches, which provides plumbing and heating solutions ; Waterworks standalone, which distributes pipe, valves and fittings, hydrants, meters and related water management products; B2C e-commerce, which sells directly to consumers via websites using the product range and distribution network of the Blended Branches business; as well as Other, which comprises industrial standalone, fire and fabrication, and facilities supply.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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