Wall Street analysts predict that Procter & Gamble (NYSE:PG) will announce sales of $16.67 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Procter & Gamble’s earnings, with the highest sales estimate coming in at $16.82 billion and the lowest estimate coming in at $16.47 billion. Procter & Gamble posted sales of $16.08 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is expected to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Procter & Gamble will report full-year sales of $66.95 billion for the current financial year, with estimates ranging from $66.63 billion to $67.24 billion. For the next fiscal year, analysts forecast that the business will report sales of $69.01 billion per share, with estimates ranging from $68.28 billion to $69.71 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The business had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis.
Several research firms recently issued reports on PG. Berenberg Bank began coverage on Procter & Gamble in a research report on Wednesday, February 28th. They set a “sell” rating and a $78.50 target price for the company. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research report on Thursday, February 1st. Stifel Nicolaus increased their target price on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $83.91.
In other news, insider Deborah P. Majoras sold 4,591 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Procter & Gamble by 0.5% in the 4th quarter. BlackRock Inc. now owns 159,637,818 shares of the company’s stock valued at $14,667,526,000 after purchasing an additional 793,096 shares during the last quarter. Trian Fund Management L.P. lifted its stake in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after acquiring an additional 893,157 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 27,189,341 shares of the company’s stock worth $2,492,983,000 after acquiring an additional 882,109 shares during the last quarter. Finally, Truepoint Inc. lifted its stake in shares of Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after acquiring an additional 26,584,514 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:PG traded down $0.80 during trading on Monday, hitting $73.00. 13,648,473 shares of the company’s stock were exchanged, compared to its average volume of 10,113,156. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Procter & Gamble has a 52-week low of $72.76 and a 52-week high of $94.67. The stock has a market capitalization of $186,050.09, a P/E ratio of 18.62, a P/E/G ratio of 2.34 and a beta of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, April 19th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 dividend on an annualized basis and a yield of 3.93%. Procter & Gamble’s dividend payout ratio is presently 73.21%.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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