Research Analysts Offer Predictions for The Procter & Gamble Company’s Q3 2024 Earnings (NYSE:PG)

The Procter & Gamble Company (NYSE:PGFree Report) – Equities researchers at Zacks Research cut their Q3 2024 earnings estimates for Procter & Gamble in a report released on Tuesday, February 6th. Zacks Research analyst R. Lohia now expects that the company will earn $1.42 per share for the quarter, down from their previous forecast of $1.45. The consensus estimate for Procter & Gamble’s current full-year earnings is $6.45 per share. Zacks Research also issued estimates for Procter & Gamble’s Q4 2024 earnings at $1.35 EPS, FY2024 earnings at $6.44 EPS, Q1 2025 earnings at $1.94 EPS, Q2 2025 earnings at $1.87 EPS, Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $6.91 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.09 EPS and FY2026 earnings at $7.50 EPS.

A number of other equities research analysts have also recently commented on PG. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Jefferies Financial Group started coverage on shares of Procter & Gamble in a report on Monday, November 13th. They issued a “buy” rating and a $177.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Finally, UBS Group raised their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Check Out Our Latest Report on Procter & Gamble

Procter & Gamble Trading Up 0.1 %

NYSE:PG opened at $159.12 on Wednesday. The company’s 50 day moving average price is $149.84 and its 200-day moving average price is $150.82. Procter & Gamble has a 52 week low of $135.83 and a 52 week high of $159.83. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market cap of $374.41 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.23 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis.

Institutional Trading of Procter & Gamble

Hedge funds have recently made changes to their positions in the company. Your Advocates Ltd. LLP increased its holdings in Procter & Gamble by 632.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after acquiring an additional 158 shares in the last quarter. Advantage Trust Co bought a new stake in shares of Procter & Gamble in the fourth quarter worth $28,000. Wyrmwood Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 63.43% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 6,575 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the completion of the transaction, the chief executive officer now owns 5,620 shares in the company, valued at $862,501.40. The disclosure for this sale can be found here. Insiders have sold 278,658 shares of company stock worth $42,921,732 in the last ninety days. 0.17% of the stock is owned by insiders.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.9407 dividend. The ex-dividend date is Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.36%. Procter & Gamble’s payout ratio is 62.98%.

Procter & Gamble Company Profile

(Get Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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

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