Analysts expect that Procter & Gamble Company (The) (NYSE:PG) will post $16.65 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Procter & Gamble Company (The)’s earnings, with the lowest sales estimate coming in at $16.50 billion and the highest estimate coming in at $16.82 billion. Procter & Gamble Company (The) reported sales of $16.52 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Procter & Gamble Company (The) will report full-year sales of $16.65 billion for the current year, with estimates ranging from $66.47 billion to $67.95 billion. For the next year, analysts anticipate that the firm will report sales of $69.08 billion per share, with estimates ranging from $68.23 billion to $70.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Procter & Gamble Company (The).

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share.

A number of research analysts recently issued reports on PG shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus reissued a “hold” rating and issued a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Vetr lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $90.00.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of PG. Asset Planning Services Ltd. boosted its position in Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after purchasing an additional 526 shares during the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble Company (The) in the 2nd quarter worth about $119,000. Blume Capital Management Inc. increased its position in Procter & Gamble Company (The) by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Finally, Edge Wealth Management LLC increased its position in Procter & Gamble Company (The) by 17.1% in the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 59.30% of the company’s stock.

Procter & Gamble Company (PG) opened at 92.12 on Wednesday. The stock has a market capitalization of $234.91 billion, a PE ratio of 16.47 and a beta of 0.67. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The stock’s 50 day moving average is $92.61 and its 200-day moving average is $89.71.

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About Procter & Gamble Company (The)

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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