Equities analysts predict that Procter & Gamble Company (The) (NYSE:PG) will report $17.30 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Procter & Gamble’s earnings, with estimates ranging from $17.12 billion to $17.59 billion. Procter & Gamble reported sales of $16.86 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The company is expected to issue its next earnings report on Friday, January 19th.
According to Zacks, analysts expect that Procter & Gamble will report full-year sales of $17.30 billion for the current year, with estimates ranging from $66.58 billion to $67.53 billion. For the next financial year, analysts forecast that the company will report sales of $68.75 billion per share, with estimates ranging from $68.32 billion to $69.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Procter & Gamble.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS.
In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Asset Planning Services Ltd. boosted its stake in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble in the second quarter valued at $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble in the third quarter valued at $125,000. Blume Capital Management Inc. boosted its stake in Procter & Gamble 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 in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Procter & Gamble 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 buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 60.58% of the company’s stock.
Procter & Gamble (NYSE PG) traded up $0.37 during mid-day trading on Friday, hitting $90.36. 7,953,123 shares of the stock traded hands, compared to its average volume of 7,370,563. The stock has a market cap of $229,240.00, a price-to-earnings ratio of 22.46, a PEG ratio of 2.88 and a beta of 0.66. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble has a 1 year low of $82.07 and a 1 year high of $94.67.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s payout ratio is 73.80%.
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Procter & Gamble 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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