Wall Street brokerages expect Procter & Gamble Co (NYSE:PG) to announce $1.00 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Procter & Gamble’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.97. Procter & Gamble posted earnings of $0.96 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings results before the market opens on Friday, April 20th.
On average, analysts expect that Procter & Gamble will report full year earnings of $4.18 per share for the current year, with EPS estimates ranging from $3.84 to $4.22. For the next financial year, analysts expect that the business will report earnings of $4.49 per share, with EPS estimates ranging from $4.13 to $4.60. 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 Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year.
Several research firms have recently issued reports on PG. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Procter & Gamble in a research note on Sunday, December 17th. Deutsche Bank began coverage on Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective for the company. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Monday, January 8th. Finally, Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.41.
In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock worth $9,710,976 over the last quarter. 0.35% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of PG. Signature Estate & Investment Advisors LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $103,000. Earnest Partners LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $110,000. Harding Loevner LP bought a new position in shares of Procter & Gamble in the 2nd quarter worth $119,000. Cerebellum GP LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $122,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth $125,000. Hedge funds and other institutional investors own 60.98% of the company’s stock.
Shares of Procter & Gamble stock traded down $1.25 on Wednesday, hitting $78.03. The stock had a trading volume of 2,756,946 shares, compared to its average volume of 10,118,104. Procter & Gamble has a twelve month low of $75.81 and a twelve month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market capitalization of $199,865.19, a P/E ratio of 19.95, a P/E/G ratio of 2.49 and a beta of 0.56.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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