Wall Street brokerages predict that Procter & Gamble Co (NYSE:PG) will report $16.87 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Procter & Gamble’s earnings, with the highest sales estimate coming in at $17.25 billion and the lowest estimate coming in at $16.57 billion. Procter & Gamble reported sales of $16.50 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next earnings results before the market opens on Tuesday, July 30th.
On average, analysts expect that Procter & Gamble will report full-year sales of $67.46 billion for the current fiscal year, with estimates ranging from $67.16 billion to $67.84 billion. For the next financial year, analysts expect that the company will report sales of $69.78 billion, with estimates ranging from $68.36 billion to $70.40 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last posted 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 firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share.
Several research analysts recently issued reports on PG shares. Wells Fargo & Co raised Procter & Gamble from a “market perform” rating to an “outperform” rating and upped their target price for the company from $78.00 to $115.00 in a research report on Monday, April 8th. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and upped their target price for the stock from $114.00 to $125.00 in a research note on Thursday, June 27th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Deutsche Bank upped their target price on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, June 17th. Finally, Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $102.32.
In other news, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 6,161 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $103.10, for a total value 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. Insiders have sold 320,840 shares of company stock valued at $33,904,086 in the last three months. 1.84% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PG. SeaBridge Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $36,000. Smart Portfolios LLC grew its position in Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after acquiring an additional 146 shares during the period. Intercontinental Wealth Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter worth approximately $62,000. Stevens First Principles Investment Advisors grew its position in Procter & Gamble by 239.8% in the fourth quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock worth $63,000 after acquiring an additional 482 shares during the period. Finally, Advocacy Wealth Management Services LLC grew its position in Procter & Gamble by 301.3% in the second quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock worth $66,000 after acquiring an additional 452 shares during the period. 62.24% of the stock is owned by institutional investors and hedge funds.
PG opened at $113.15 on Thursday. The company has a market cap of $283.82 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.43 and a beta of 0.45. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. Procter & Gamble has a 12 month low of $77.54 and a 12 month high of $114.27. The stock has a fifty day moving average of $108.69.
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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