Procter & Gamble (NYSE:PG) issued its quarterly earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.15, MarketWatch Earnings reports. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The company had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same period in the prior year, the company earned $1.10 EPS. Procter & Gamble’s revenue was up 3.5% on a year-over-year basis. Procter & Gamble updated its FY 2021
Pre-Market guidance to 5.27-5.48 EPS.
NYSE:PG opened at $131.12 on Friday. The stock’s 50 day moving average price is $121.39 and its 200 day moving average price is $119.14. Procter & Gamble has a 52 week low of $94.34 and a 52 week high of $132.03. The company has a market capitalization of $324.61 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.43 and a beta of 0.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.66 and a current ratio of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be issued a $0.7907 dividend. The ex-dividend date is Thursday, July 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio is currently 61.72%.
In related news, Director Nelson Peltz sold 404,714 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $113.01, for a total value of $45,736,729.14. Following the transaction, the director now owns 3,891 shares in the company, valued at $439,721.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jon R. Moeller sold 130,626 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $116.37, for a total value of $15,200,947.62. The disclosure for this sale can be found here. Insiders sold 1,570,603 shares of company stock worth $179,504,390 in the last 90 days. 1.75% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the company. Bank of America restated a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a report on Saturday, April 18th. Citigroup boosted their price objective on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Jefferies Financial Group boosted their price objective on Procter & Gamble from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Deutsche Bank boosted their price objective on Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, SunTrust Banks boosted their price objective on Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Buy” and a consensus target price of $133.67.
About Procter & Gamble
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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