Brokerages Expect Procter & Gamble Co (PG) Will Post Earnings of $1.20 Per Share

Equities analysts expect that Procter & Gamble Co (NYSE:PG) will post earnings per share (EPS) of $1.20 for the current quarter, according to Zacks. Eight analysts have made estimates for Procter & Gamble’s earnings, with estimates ranging from $1.16 to $1.22. Procter & Gamble posted earnings per share of $1.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The firm is scheduled to issue its next earnings results on Friday, October 19th.

On average, analysts expect that Procter & Gamble will report full-year earnings of $4.38 per share for the current financial year, with EPS estimates ranging from $4.30 to $4.45. For the next year, analysts expect that the business will post earnings of $4.65 per share, with EPS estimates ranging from $4.55 to $4.75. Zacks Investment Research’s EPS averages are an 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 Friday, October 19th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS.

Several brokerages recently issued reports on PG. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Friday. Atlantic Securities began coverage on shares of Procter & Gamble in a report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target for the company. Wells Fargo & Co reissued a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Finally, Deutsche Bank lifted their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.21.

In other Procter & Gamble news, Chairman David S. Taylor sold 21,029 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $1,756,342.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 27,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total transaction of $2,177,820.00. The disclosure for this sale can be found here. Insiders sold a total of 147,186 shares of company stock valued at $12,080,849 in the last 90 days. Corporate insiders own 1.84% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of PG. RPg Family Wealth Advisory LLC grew its position in shares of Procter & Gamble by 209.4% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after buying an additional 913 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $113,000. Fort L.P. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $124,000. Polaris Greystone Financial Group LLC grew its position in shares of Procter & Gamble by 224.9% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after buying an additional 1,192 shares during the period. Finally, Twin Tree Management LP acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $144,000. Hedge funds and other institutional investors own 58.46% of the company’s stock.

NYSE:PG opened at $87.30 on Friday. Procter & Gamble has a 52 week low of $70.73 and a 52 week high of $93.14. The stock has a market cap of $202.29 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be given a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s payout ratio is presently 68.01%.

About Procter & Gamble

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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