Wall Street analysts predict that Procter & Gamble Co (NYSE:PG) will announce earnings per share of $1.06 for the current quarter, Zacks reports. Seven analysts have provided estimates for Procter & Gamble’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.03. Procter & Gamble posted earnings of $0.94 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The company is expected to announce its next earnings results before the market opens on Tuesday, July 30th.
On average, analysts expect that Procter & Gamble will report full year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.52. For the next financial year, analysts forecast that the firm will report earnings of $4.76 per share, with EPS estimates ranging from $4.62 to $4.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Procter & Gamble.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.
A number of brokerages have recently issued reports on PG. Credit Suisse Group set a $100.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Deutsche Bank boosted their price objective on shares of Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. UBS Group boosted their price objective on shares of Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday. Finally, DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $102.32.
Shares of PG stock opened at $113.15 on Tuesday. Procter & Gamble has a 1 year low of $77.54 and a 1 year high of $114.27. The company’s fifty day simple moving average is $108.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79. The company has a market cap of $283.82 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.45.
In related news, insider Carolyn M. Tastad sold 3,980 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $105.85, for a total value of $421,283.00. Following the sale, the insider now directly owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 6,161 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $103.10, for a total transaction of $635,199.10. Following the completion of the sale, the insider now directly owns 44,996 shares in the company, valued at $4,639,087.60. The disclosure for this sale can be found here. Insiders have sold a total of 320,840 shares of company stock worth $33,904,086 over the last 90 days. Corporate insiders own 1.84% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after purchasing an additional 853,269 shares during the period. Vanguard Group Inc grew its stake in Procter & Gamble by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock worth $15,680,670,000 after acquiring an additional 853,269 shares in the last quarter. FMR LLC grew its stake in Procter & Gamble by 26.4% in the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after acquiring an additional 7,389,251 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Procter & Gamble by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock worth $2,312,039,000 after acquiring an additional 775,146 shares in the last quarter. Finally, Morgan Stanley grew its stake in Procter & Gamble by 11.3% in the 3rd quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock worth $1,463,528,000 after acquiring an additional 1,784,225 shares in the last quarter. 62.24% of the stock is currently owned by institutional investors.
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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