The Procter & Gamble (NYSE:PG) posted its quarterly earnings data on Tuesday. The company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $19.75 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year.
Shares of PG stock traded down $0.68 on Thursday, reaching $131.25. 559,193 shares of the company were exchanged, compared to its average volume of 7,984,104. The company has a market cap of $325.45 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 3.25 and a beta of 0.38. The business has a 50-day moving average price of $137.47 and a 200 day moving average price of $136.54. 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 1 year low of $94.34 and a 1 year high of $146.92.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Friday, January 22nd will be paid a dividend of $0.7907 per share. The ex-dividend date of this dividend is Thursday, January 21st. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.41%. The Procter & Gamble’s dividend payout ratio is currently 61.72%.
Several research firms have recently commented on PG. Wells Fargo & Company began coverage on shares of The Procter & Gamble in a research note on Monday, December 7th. They set an “overweight” rating and a $160.00 price objective for the company. Truist lifted their price objective on shares of The Procter & Gamble from $125.00 to $150.00 in a research note on Monday, October 19th. Smith Barney Citigroup boosted their target price on shares of The Procter & Gamble from $159.00 to $165.00 in a research report on Wednesday, October 21st. Berenberg Bank restated a “hold” rating and set a $156.00 target price on shares of The Procter & Gamble in a research report on Thursday, October 22nd. Finally, Sanford C. Bernstein began coverage on shares of The Procter & Gamble in a research report on Tuesday. They set a “market perform” rating and a $149.00 target price for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $145.80.
In other news, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $144.26, for a total transaction of $4,327,800.00. Following the completion of the sale, the chief executive officer now owns 301,954 shares of the company’s stock, valued at $43,559,884.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 306,567 shares of the business’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. Insiders have sold 493,001 shares of company stock valued at $68,685,208 in the last three months. Corporate insiders own 0.70% of the company’s stock.
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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