Equities analysts expect Procter & Gamble Co (NYSE:PG) to report sales of $16.59 billion for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Procter & Gamble’s earnings, with estimates ranging from $16.37 billion to $16.81 billion. Procter & Gamble reported sales of $16.65 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The firm is expected to report its next quarterly earnings results on Friday, October 19th.
On average, analysts expect that Procter & Gamble will report full-year sales of $67.20 billion for the current fiscal year, with estimates ranging from $66.81 billion to $67.82 billion. For the next year, analysts anticipate that the business will post sales of $69.21 billion per share, with estimates ranging from $68.53 billion to $70.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Procter & Gamble.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.52 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Deutsche Bank upped their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $88.00 price target on shares of Procter & Gamble in a report on Wednesday, August 1st. Finally, SunTrust Banks upped their price target on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.79.
In other Procter & Gamble news, insider Deborah P. Majoras sold 11,097 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $83.53, for a total transaction of $926,932.41. Following the sale, the insider now owns 46,096 shares of the company’s stock, valued at $3,850,398.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 4,181 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total transaction of $349,197.12. The disclosure for this sale can be found here. Insiders have sold 154,178 shares of company stock worth $12,562,219 in the last ninety days. Insiders own 1.84% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $914,000. IHT Wealth Management LLC raised its holdings in shares of Procter & Gamble by 6.1% in the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock worth $1,314,000 after acquiring an additional 981 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Procter & Gamble by 25.3% in the 1st quarter. Victory Capital Management Inc. now owns 270,330 shares of the company’s stock worth $21,432,000 after acquiring an additional 54,591 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Procter & Gamble by 6.6% in the 1st quarter. Guggenheim Capital LLC now owns 1,345,045 shares of the company’s stock worth $106,634,000 after acquiring an additional 83,772 shares during the last quarter. Finally, Willis Investment Counsel raised its holdings in shares of Procter & Gamble by 2.6% in the 1st quarter. Willis Investment Counsel now owns 244,997 shares of the company’s stock worth $19,423,000 after acquiring an additional 6,200 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.
PG traded up $0.59 during trading on Friday, hitting $83.29. 7,577,700 shares of the stock traded hands, compared to its average volume of 9,047,682. The company has a market cap of $209.12 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.67 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. Procter & Gamble has a twelve month low of $70.73 and a twelve month high of $94.67.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Friday, July 20th were given a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, July 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.44%. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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