Analysts expect Procter & Gamble Co (NYSE:PG) to announce earnings of $0.91 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Procter & Gamble’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.95. Procter & Gamble reported earnings per share of $0.85 during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Thursday, July 26th.
On average, analysts expect that Procter & Gamble will report full-year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.15 to $4.22. For the next financial year, analysts anticipate that the company will report earnings of $4.44 per share, with EPS estimates ranging from $4.21 to $4.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS.
Several research firms recently commented 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 price target on the stock. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Stifel Nicolaus reduced their price target on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a research report on Wednesday, April 18th. Bank of America reduced their price target on Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 12th. Finally, Barclays set a $84.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble has an average rating of “Hold” and a consensus target price of $82.85.
In related news, Vice Chairman Jon R. Moeller sold 5,300 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $77.41, for a total transaction of $410,273.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ciserani Giovanni sold 12,034 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $77.41, for a total value of $931,551.94. Following the transaction, the insider now owns 63,062 shares of the company’s stock, valued at $4,881,629.42. The disclosure for this sale can be found here. Insiders sold a total of 20,938 shares of company stock valued at $1,604,483 over the last quarter. Company insiders own 0.35% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of PG. Truepoint Inc. grew its stake in 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 buying an additional 26,584,514 shares during the last quarter. American International Group Inc. boosted its position in Procter & Gamble by 448.0% during the 4th quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock worth $603,404,000 after acquiring an additional 5,368,843 shares during the period. Franklin Resources Inc. boosted its position in Procter & Gamble by 63.1% during the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock worth $883,964,000 after acquiring an additional 4,315,180 shares during the period. BlackRock Inc. boosted its position in Procter & Gamble by 1.9% during the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after acquiring an additional 2,961,408 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in Procter & Gamble by 575.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,205,842 shares of the company’s stock worth $294,553,000 after acquiring an additional 2,731,361 shares during the period. Hedge funds and other institutional investors own 59.38% of the company’s stock.
Procter & Gamble stock traded up $0.97 during midday trading on Friday, hitting $77.41. 392,368 shares of the company were exchanged, compared to its average volume of 8,789,106. The firm has a market capitalization of $191.22 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91. Procter & Gamble has a fifty-two week low of $70.73 and a fifty-two week high of $94.67.
Procter & Gamble Company Profile
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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