Analysts Expect The Procter & Gamble Company (NYSE:PG) Will Post Quarterly Sales of $20.36 Billion

Brokerages expect The Procter & Gamble Company (NYSE:PG) to report sales of $20.36 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Procter & Gamble’s earnings. The highest sales estimate is $20.44 billion and the lowest is $20.25 billion. Procter & Gamble reported sales of $19.75 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, January 19th.

On average, analysts expect that Procter & Gamble will report full-year sales of $79.27 billion for the current fiscal year, with estimates ranging from $78.75 billion to $79.71 billion. For the next year, analysts anticipate that the company will report sales of $82.44 billion, with estimates ranging from $81.48 billion to $83.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Procter & Gamble.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $19.87 billion. Procter & Gamble had a return on equity of 31.49% and a net margin of 18.33%. Procter & Gamble’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share.

PG has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Procter & Gamble in a research report on Tuesday, October 5th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, October 20th. Berenberg Bank reaffirmed a “hold” rating and issued a $146.00 price objective on shares of Procter & Gamble in a research report on Wednesday, October 20th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $150.00 price objective on shares of Procter & Gamble in a research report on Tuesday, December 21st. Finally, Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Tuesday, October 5th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Procter & Gamble has an average rating of “Hold” and an average price target of $149.44.

Shares of NYSE PG traded down $0.72 during trading on Thursday, reaching $158.29. The company had a trading volume of 6,550,951 shares, compared to its average volume of 8,360,676. Procter & Gamble has a twelve month low of $121.54 and a twelve month high of $165.32. The stock has a market capitalization of $383.05 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 4.00 and a beta of 0.47. The stock has a 50-day moving average price of $154.25 and a two-hundred day moving average price of $145.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.45.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Friday, January 21st will be paid a dividend of $0.8698 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, January 20th. Procter & Gamble’s dividend payout ratio is presently 63.62%.

In related news, CAO Michael G. Homan sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $146.81, for a total value of $1,468,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Michael G. Homan sold 10,134 shares of the business’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $148.29, for a total value of $1,502,770.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,249 shares of company stock worth $22,257,187. 0.51% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Procter & Gamble by 2.4% during the third quarter. Geode Capital Management LLC now owns 42,471,296 shares of the company’s stock valued at $5,923,533,000 after buying an additional 978,467 shares in the last quarter. Morgan Stanley raised its stake in Procter & Gamble by 1.0% during the third quarter. Morgan Stanley now owns 34,831,920 shares of the company’s stock valued at $4,869,502,000 after buying an additional 331,201 shares in the last quarter. FMR LLC raised its stake in Procter & Gamble by 7.5% during the second quarter. FMR LLC now owns 25,132,944 shares of the company’s stock valued at $3,391,188,000 after buying an additional 1,746,707 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Procter & Gamble by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 15,261,722 shares of the company’s stock valued at $2,059,266,000 after buying an additional 235,132 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Procter & Gamble by 33.7% during the third quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company’s stock valued at $1,922,090,000 after buying an additional 3,467,039 shares in the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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