Wall Street analysts expect that Procter & Gamble Co (NYSE:PG) will announce sales of $18.32 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Procter & Gamble’s earnings. The lowest sales estimate is $18.00 billion and the highest is $18.74 billion. Procter & Gamble reported sales of $17.44 billion during the same quarter last year, which indicates a positive year over year growth rate of 5%. The company is expected to announce its next earnings report on Wednesday, January 22nd.
According to Zacks, analysts expect that Procter & Gamble will report full year sales of $70.45 billion for the current financial year, with estimates ranging from $69.70 billion to $71.23 billion. For the next financial year, analysts expect that the business will post sales of $72.76 billion, with estimates ranging from $71.11 billion to $73.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share.
Shares of Procter & Gamble stock traded up $1.31 during trading on Monday, hitting $121.85. 365,167 shares of the stock traded hands, compared to its average volume of 7,037,398. The firm has a market cap of $300.50 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 3.27 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. Procter & Gamble has a 52-week low of $86.74 and a 52-week high of $125.77. The stock’s fifty day simple moving average is $121.61 and its 200 day simple moving average is $115.47.
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were paid a $0.7459 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.
In other Procter & Gamble news, CEO R. Alexandra Keith sold 62,930 shares of Procter & Gamble stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total value of $7,550,341.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares in the company, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Insiders sold 1,504,391 shares of company stock worth $185,516,842 in the last quarter. 1.75% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of PG. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after purchasing an additional 3,786,962 shares during the period. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after acquiring an additional 2,470,382 shares during the period. Phocas Financial Corp. lifted its holdings in Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after acquiring an additional 71,055,523 shares during the period. Northern Trust Corp lifted its holdings in Procter & Gamble by 0.9% in the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock valued at $3,625,519,000 after acquiring an additional 295,521 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after buying an additional 18,153,758 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.
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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