Procter & Gamble Co (NYSE:PG) Expected to Post Earnings of $1.06 Per Share

Analysts expect that Procter & Gamble Co (NYSE:PG) will post $1.06 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have provided estimates for Procter & Gamble’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.10. Procter & Gamble posted earnings of $0.94 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.8%. The business is expected to report its next earnings report on Tuesday, July 30th.

On average, analysts expect that Procter & Gamble will report full-year earnings of $4.48 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.52. For the next financial year, analysts forecast that the business will post earnings of $4.74 per share, with EPS estimates ranging from $4.62 to $4.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Procter & Gamble.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. The business had revenue of $16.46 billion for 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%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share.

Several analysts have commented on PG shares. Macquarie set a $110.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Tuesday, February 26th. DZ Bank reiterated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. Credit Suisse Group set a $100.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, May 10th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $111.00 target price on shares of Procter & Gamble in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $101.42.

PG stock traded up $0.29 during mid-day trading on Friday, hitting $111.20. The company had a trading volume of 6,438,074 shares, compared to its average volume of 6,458,513. The firm has a market cap of $278.93 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.58 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 $111.75.

In related news, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the transaction, the chief executive officer now owns 256,088 shares of the company’s stock, valued at $26,889,240. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Deborah P. Majoras sold 6,161 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $103.10, for a total transaction of $635,199.10. Following the transaction, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $4,639,087.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 320,840 shares of company stock valued at $33,904,086. 1.84% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. HC Financial Advisors Inc. lifted its holdings in shares of Procter & Gamble by 17.1% in the 3rd quarter. HC Financial Advisors Inc. now owns 16,306 shares of the company’s stock worth $1,357,000 after acquiring an additional 2,385 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Procter & Gamble by 43.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 769,962 shares of the company’s stock worth $64,084,000 after acquiring an additional 234,417 shares during the last quarter. C WorldWide Group Holding A S lifted its holdings in shares of Procter & Gamble by 125.1% in the 3rd quarter. C WorldWide Group Holding A S now owns 3,266,283 shares of the company’s stock worth $271,853,000 after acquiring an additional 1,815,368 shares during the last quarter. Psagot Investment House Ltd. lifted its holdings in shares of Procter & Gamble by 3,073.6% in the 3rd quarter. Psagot Investment House Ltd. now owns 197,463 shares of the company’s stock worth $16,435,000 after acquiring an additional 191,241 shares during the last quarter. Finally, RPG Investment Advisory LLC lifted its holdings in shares of Procter & Gamble by 29.2% in the 3rd quarter. RPG Investment Advisory LLC now owns 72,423 shares of the company’s stock worth $6,028,000 after acquiring an additional 16,365 shares during the last quarter. 62.19% of the stock is owned by institutional investors and hedge funds.

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

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