Procter & Gamble (NYSE:PG) Releases FY 2021 Pre-Market Earnings Guidance

Procter & Gamble (NYSE:PG) issued an update on its FY 2021
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.27-5.48 for the period, compared to the Thomson Reuters consensus estimate of $5.23. The company issued revenue guidance of $71.6595-73.0785 billion, compared to the consensus revenue estimate of $71.49 billion.

NYSE PG opened at $131.12 on Friday. The company’s 50-day moving average price is $121.39 and its 200-day moving average price is $119.14. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.50. The stock has a market cap of $324.61 billion, a PE ratio of 25.61, a PEG ratio of 3.43 and a beta of 0.42. Procter & Gamble has a 12 month low of $94.34 and a 12 month high of $132.03.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The firm had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Procter & Gamble will post 5.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, July 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

A number of research firms recently weighed in on PG. SunTrust Banks upped their price objective on shares of Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Deutsche Bank upped their price objective on shares of Procter & Gamble from $133.00 to $138.00 and gave the stock a buy rating in a research note on Monday, July 27th. Bank of America reissued a buy rating and set a $135.00 price target on shares of Procter & Gamble in a research report on Saturday, April 18th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a buy rating in a research report on Monday, April 20th. Finally, Royal Bank of Canada reissued a hold rating and set a $120.00 price target on shares of Procter & Gamble in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Procter & Gamble presently has a consensus rating of Buy and an average target price of $133.67.

In other news, CEO David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $115.47, for a total transaction of $3,464,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nelson Peltz sold 404,714 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the transaction, the director now owns 3,891 shares in the company, valued at approximately $439,721.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,570,603 shares of company stock worth $179,504,390. Corporate insiders own 1.75% 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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Earnings History and Estimates for Procter & Gamble (NYSE:PG)

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