The Procter & Gamble (NYSE:PG) announced its quarterly earnings results on Tuesday. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13, MarketWatch Earnings reports. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company had revenue of $19.75 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the prior year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.
Shares of NYSE PG traded down $0.92 during midday trading on Thursday, hitting $131.01. 614,353 shares of the stock traded hands, compared to its average volume of 7,984,104. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The Procter & Gamble has a one year low of $94.34 and a one year high of $146.92. The business has a 50 day moving average price of $137.47 and a two-hundred day moving average price of $136.54. The company has a market cap of $324.85 billion, a PE ratio of 25.23, a P/E/G ratio of 3.25 and a beta of 0.38.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Friday, January 22nd will be issued a $0.7907 dividend. The ex-dividend date is Thursday, January 21st. This represents a $3.16 annualized dividend and a yield of 2.41%. The Procter & Gamble’s payout ratio is currently 61.72%.
Several brokerages recently weighed in on PG. Smith Barney Citigroup boosted their price objective on shares of The Procter & Gamble from $159.00 to $165.00 in a research note on Wednesday, October 21st. Sanford C. Bernstein started coverage on The Procter & Gamble in a research note on Tuesday. They issued a “market perform” rating and a $149.00 price target for the company. Jefferies Financial Group lifted their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Wells Fargo & Company assumed coverage on The Procter & Gamble in a report on Monday, December 7th. They issued an “overweight” rating and a $160.00 target price on the stock. Finally, Truist raised their price target on shares of The Procter & Gamble from $125.00 to $150.00 in a report on Monday, October 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $145.80.
In other news, insider Kathleen B. Fish sold 34,513 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $140.00, for a total value of $4,831,820.00. Following the completion of the sale, the insider now owns 48,683 shares in the company, valued at $6,815,620. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nelson Peltz sold 306,567 shares of the company’s stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $137.31, for a total transaction of $42,094,714.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 493,001 shares of company stock worth $68,685,208. 0.70% of the stock is owned by company insiders.
About The Procter & Gamble
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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