Analysts Set Expectations for The Procter & Gamble Company’s Q1 2023 Earnings (NYSE:PG)

The Procter & Gamble Company (NYSE:PGGet Rating) – Research analysts at Jefferies Financial Group issued their Q1 2023 earnings estimates for Procter & Gamble in a report issued on Sunday, July 31st. Jefferies Financial Group analyst K. Grundy expects that the company will post earnings per share of $1.60 for the quarter. The consensus estimate for Procter & Gamble’s current full-year earnings is $5.94 per share. Jefferies Financial Group also issued estimates for Procter & Gamble’s Q2 2023 earnings at $1.69 EPS, Q3 2023 earnings at $1.35 EPS and Q4 2023 earnings at $1.37 EPS.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.52% and a net margin of 18.39%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS.

A number of other equities analysts have also recently issued reports on the stock. Credit Suisse Group raised their price objective on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Barclays reduced their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set a “maintains” rating on the stock in a research note on Tuesday. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $170.00 to $160.00 in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $144.88 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The firm has a market cap of $347.61 billion, a P/E ratio of 24.94, a P/E/G ratio of 4.44 and a beta of 0.35. The firm has a 50 day simple moving average of $143.01 and a 200 day simple moving average of $151.25. Procter & Gamble has a fifty-two week low of $129.50 and a fifty-two week high of $165.35.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.913 per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.52%. Procter & Gamble’s dividend payout ratio is presently 62.82%.

Insider Transactions at Procter & Gamble

In other news, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $145.12, for a total transaction of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares in the company, valued at approximately $580,770.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by company insiders.

Institutional Trading of Procter & Gamble

A number of institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its holdings in shares of Procter & Gamble by 7.6% during the 4th quarter. Centaurus Financial Inc. now owns 9,346 shares of the company’s stock worth $1,529,000 after acquiring an additional 663 shares during the period. Traynor Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 18.6% during the 4th quarter. Traynor Capital Management Inc. now owns 3,373 shares of the company’s stock worth $551,000 after acquiring an additional 528 shares during the period. Spreng Capital Management Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $325,000. Marcum Wealth LLC lifted its holdings in shares of Procter & Gamble by 9.0% during the 4th quarter. Marcum Wealth LLC now owns 12,758 shares of the company’s stock worth $2,087,000 after acquiring an additional 1,053 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 129,613 shares of the company’s stock worth $21,202,000 after acquiring an additional 485 shares during the period. Institutional investors own 63.64% of the company’s stock.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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