Jefferies Group Comments on Procter & Gamble Company (The)’s Q2 2018 Earnings (PG)

Procter & Gamble Company (The) (NYSE:PG) – Jefferies Group reduced their Q2 2018 earnings estimates for shares of Procter & Gamble Company (The) in a note issued to investors on Monday, according to Zacks Investment Research. Jefferies Group analyst K. Grundy now forecasts that the company will earn $1.16 per share for the quarter, down from their prior forecast of $1.18. Jefferies Group currently has a “Buy” rating and a $104.00 target price on the stock. Jefferies Group also issued estimates for Procter & Gamble Company (The)’s Q3 2018 earnings at $1.05 EPS, FY2018 earnings at $4.20 EPS, FY2019 earnings at $4.51 EPS and FY2020 earnings at $4.84 EPS.

A number of other analysts have also recently issued reports on PG. Vetr cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a report on Tuesday, November 7th. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus reissued a “hold” rating and set a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $88.69.

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Shares of Procter & Gamble Company (NYSE PG) opened at $88.16 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $223,658.23, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.84 and a beta of 0.66. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be paid a dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.13%. Procter & Gamble Company (The)’s dividend payout ratio is currently 48.51%.

In other news, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The disclosure for this sale can be found here. Insiders have sold 42,499 shares of company stock valued at $3,904,610 in the last ninety days. Company insiders own 0.35% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Asset Planning Services Ltd. increased its position in Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP acquired a new position in shares of Procter & Gamble Company (The) during the 2nd quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Procter & Gamble Company (The) during the 3rd quarter valued at about $125,000. Blume Capital Management Inc. increased its holdings in shares of Procter & Gamble Company (The) by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the last quarter. 59.71% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Earnings History and Estimates for Procter & Gamble Company (The) (NYSE:PG)

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