Wall Street brokerages expect that Procter & Gamble Co (NYSE:PG) will post sales of $16.86 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Procter & Gamble’s earnings. The highest sales estimate is $17.25 billion and the lowest is $16.57 billion. Procter & Gamble posted sales of $16.50 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is expected to issue its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Procter & Gamble will report full year sales of $67.45 billion for the current fiscal year, with estimates ranging from $67.16 billion to $67.84 billion. For the next financial year, analysts expect that the firm will report sales of $69.76 billion, with estimates ranging from $68.36 billion to $70.40 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $16.46 billion during the quarter, compared to analyst estimates of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. Procter & Gamble’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS.
PG has been the topic of a number of recent analyst reports. Macquarie set a $110.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Tuesday, February 26th. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. Credit Suisse Group set a $100.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Friday, May 10th. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $111.00 price target on shares of Procter & Gamble in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.42.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 26,891 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total transaction of $2,859,051.12. Following the sale, the vice president now owns 51,323 shares in the company, valued at approximately $5,456,661.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $104.62, for a total transaction of $7,480,330.00. The disclosure for this sale can be found here. In the last three months, insiders sold 320,840 shares of company stock worth $33,904,086. 1.84% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PG. Princeton Global Asset Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $27,000. Covenant Multifamily Offices LLC bought a new stake in Procter & Gamble in the first quarter worth $33,000. SeaBridge Investment Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth $36,000. Pearl River Capital LLC bought a new stake in Procter & Gamble in the first quarter worth $38,000. Finally, Cranbrook Wealth Management LLC increased its position in Procter & Gamble by 55.3% in the fourth quarter. Cranbrook Wealth Management LLC now owns 427 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 62.19% of the company’s stock.
NYSE:PG traded up $0.52 on Tuesday, reaching $111.43. 176,148 shares of the stock traded hands, compared to its average volume of 6,492,150. The firm has a market cap of $275.11 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.53 and a beta of 0.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. Procter & Gamble has a 12 month low of $75.39 and a 12 month high of $110.95.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $0.7459 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.68%. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.
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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