Wall Street brokerages expect Procter & Gamble Co (NYSE:PG) to announce sales of $17.34 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for Procter & Gamble’s earnings, with the highest sales estimate coming in at $17.59 billion and the lowest estimate coming in at $17.12 billion. Procter & Gamble reported sales of $16.86 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The business is scheduled to report its next earnings results before the market opens on Tuesday, January 23rd.
On average, analysts expect that Procter & Gamble will report full year sales of $17.34 billion for the current fiscal year, with estimates ranging from $66.58 billion to $67.53 billion. For the next financial year, analysts expect that the firm will report sales of $68.81 billion per share, with estimates ranging from $68.32 billion to $69.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Procter & Gamble.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share.
Shares of Procter & Gamble (PG) opened at $91.07 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. The stock has a market cap of $231,040.00, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. Procter & Gamble has a one year low of $85.42 and a one year high of $94.67.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 73.80%.
In related news, insider Ioannis Skoufalos sold 2,880 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $88.75, for a total transaction of $255,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. In the last three months, insiders sold 18,719 shares of company stock worth $1,661,544. Insiders own 0.35% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Asset Planning Services Ltd. increased its holdings in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares during the period. Winfield Associates Inc. increased its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the period. Cascade Investment Advisors Inc. increased its holdings in Procter & Gamble by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after buying an additional 17 shares during the period. Iron Financial LLC increased its holdings in Procter & Gamble by 0.8% in the 2nd quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock valued at $291,000 after buying an additional 25 shares during the period. Finally, Davis Rea Ltd. increased its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock valued at $332,000 after buying an additional 25 shares during the period. 59.57% of the stock is currently owned by institutional investors and hedge funds.
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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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