Wall Street brokerages forecast that Procter & Gamble Company (The) (NYSE:PG) will announce $16.64 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Procter & Gamble Company (The)’s earnings. The lowest sales estimate is $16.50 billion and the highest is $16.82 billion. Procter & Gamble Company (The) reported sales of $16.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The company is expected to issue its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Procter & Gamble Company (The) will report full-year sales of $16.64 billion for the current fiscal year, with estimates ranging from $66.47 billion to $67.63 billion. For the next fiscal year, analysts expect that the business will post sales of $69.01 billion per share, with estimates ranging from $68.23 billion to $69.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Procter & Gamble Company (The).

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. Procter & Gamble Company (The)’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS.

Several equities analysts have issued reports on PG shares. Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Vetr lowered Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a research note on Monday, July 3rd. Finally, Macquarie started coverage on Procter & Gamble Company (The) in a research note on Thursday. They issued an “outperform” rating and a $102.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and an average price target of $89.39.

Shares of Procter & Gamble Company (PG) traded down 0.30% during trading on Friday, reaching $93.27. 12,428,828 shares of the company were exchanged. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.19. The firm’s 50 day moving average is $92.20 and its 200 day moving average is $89.60. The firm has a market capitalization of $237.84 billion, a P/E ratio of 16.68 and a beta of 0.68.

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In related news, CEO David S. Taylor sold 6,382 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the sale, the chief executive officer now owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock valued at $4,216,070 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PG. Asset Planning Services Ltd. lifted its holdings in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after acquiring an additional 526 shares during the period. Harding Loevner LP acquired a new position in Procter & Gamble Company (The) in the second quarter valued at approximately $119,000. Blume Capital Management Inc. lifted its holdings in Procter & Gamble Company (The) by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the period. Finally, Edge Wealth Management LLC lifted its holdings in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after acquiring an additional 240 shares during the period. 59.33% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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Earnings History and Estimates for Procter & Gamble Company (The) (NYSE:PG)

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