The Procter & Gamble Company Earnings Estimates Raised at UBS AG (PG)
Equities research analysts at UBS AG lifted their EPS estimates on shares of The Procter & Gamble Company (NYSE:PG) in a research note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating and a $84.00 price target on the company’s shares. UBS AG’s target price points to a potential upside of 3.51% from the company’s current price.
Shares of The Procter & Gamble Company (NYSE:PG) traded up 0.98% during mid-day trading on Thursday, hitting $81.15. 9,528,562 shares of the company’s stock traded hands. The Procter & Gamble Company has a 1-year low of $73.61 and a 1-year high of $85.82. The stock has a 50-day moving average of $79.9 and a 200-day moving average of $80.37. The company has a market cap of $220.0 billion and a price-to-earnings ratio of 21.58. The Procter & Gamble Company also saw some unusual options trading on Tuesday. Stock traders acquired 37,315 call options on the stock. This represents an increase of 429% compared to the typical daily volume of 7,060 call options.
The Procter & Gamble Company (NYSE:PG) last announced its earnings results on Wednesday, April 23rd. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.02. The company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post $4.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Friday, April 25th will be given a dividend of $0.6436 per share. This represents a $2.57 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is an increase from The Procter & Gamble Company’s previous quarterly dividend of $0.60.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Friday, February 28th. They now have a $82.00 price target on the stock. Separately, analysts at Standpoint Research upgraded shares of The Procter & Gamble Company from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, analysts at Societe Generale initiated coverage on shares of The Procter & Gamble Company in a research note on Thursday, January 30th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.78.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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