Brokerages expect that Procter & Gamble Company (The) (NYSE:PG) will report $17.38 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Procter & Gamble Company (The)’s earnings, with the highest sales estimate coming in at $17.68 billion and the lowest estimate coming in at $17.12 billion. Procter & Gamble Company (The) reported sales of $16.86 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is scheduled to announce its next earnings results on Friday, October 20th.

According to Zacks, analysts expect that Procter & Gamble Company (The) will report full year sales of $17.38 billion for the current fiscal year, with estimates ranging from $66.47 billion to $67.95 billion. For the next financial year, analysts expect that the firm will report sales of $69.05 billion per share, with estimates ranging from $68.23 billion to $69.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Procter & Gamble Company (The).

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS.

PG has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research report on Friday, September 15th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $89.11.

Procter & Gamble Company (NYSE PG) opened at 88.25 on Monday. The stock has a market capitalization of $225.04 billion, a P/E ratio of 15.78 and a beta of 0.67. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67. The stock has a 50 day moving average price of $92.46 and a 200-day moving average price of $89.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.13%. Procter & Gamble Company (The)’s payout ratio is presently 48.51%.

In other news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 6,063 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 value of $558,038.52. Following the completion of the transaction, the insider now owns 120,734 shares in the company, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders sold 48,648 shares of company stock worth $4,481,621 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Holderness Investments Co. increased its stake in Procter & Gamble Company (The) by 78.2% during the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after acquiring an additional 9,419 shares during the period. Thomaspartners Inc. increased its stake in Procter & Gamble Company (The) by 9.9% during the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after acquiring an additional 224,714 shares during the period. Whittier Trust Co. increased its stake in Procter & Gamble Company (The) by 0.7% during the second quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock valued at $25,099,000 after acquiring an additional 2,113 shares during the period. Pensionfund Sabic bought a new position in Procter & Gamble Company (The) during the second quarter valued at about $4,009,000. Finally, Koshinski Asset Management Inc. increased its stake in Procter & Gamble Company (The) by 4.3% during the second quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company’s stock valued at $1,768,000 after acquiring an additional 835 shares during the period. Hedge funds and other institutional investors own 59.28% of the company’s stock.

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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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