Analysts expect Procter & Gamble Co (NYSE:PG) to report $16.20 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Procter & Gamble’s earnings, with the lowest sales estimate coming in at $15.94 billion and the highest estimate coming in at $16.43 billion. Procter & Gamble reported sales of $15.61 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Procter & Gamble will report full year sales of $16.20 billion for the current fiscal year, with estimates ranging from $66.62 billion to $67.24 billion. For the next fiscal year, analysts forecast that the company will post sales of $68.92 billion per share, with estimates ranging from $68.66 billion to $69.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Procter & Gamble.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share.
In related news, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $89.80, for a total transaction of $438,044.40. Following the sale, the insider now directly owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kathleen B. Fish sold 10,192 shares of Procter & Gamble stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total value of $886,398.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,981 shares of company stock worth $6,739,389. 0.35% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bedel Financial Consulting Inc. bought a new position in Procter & Gamble during the fourth quarter worth about $1,264,000. California Public Employees Retirement System lifted its stake in Procter & Gamble by 6.4% during the fourth quarter. California Public Employees Retirement System now owns 6,652,197 shares of the company’s stock worth $611,204,000 after purchasing an additional 402,452 shares during the period. Community Bank N.A. raised its stake in shares of Procter & Gamble by 3.2% in the fourth quarter. Community Bank N.A. now owns 68,823 shares of the company’s stock valued at $6,323,000 after acquiring an additional 2,163 shares during the last quarter. Shelton Capital Management raised its stake in shares of Procter & Gamble by 3.2% in the fourth quarter. Shelton Capital Management now owns 113,035 shares of the company’s stock valued at $10,386,000 after acquiring an additional 3,513 shares during the last quarter. Finally, Rench Wealth Management Inc. raised its stake in shares of Procter & Gamble by 6.1% in the fourth quarter. Rench Wealth Management Inc. now owns 46,090 shares of the company’s stock valued at $4,235,000 after acquiring an additional 2,653 shares during the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.
Shares of Procter & Gamble (NYSE PG) opened at $82.38 on Wednesday. The stock has a market capitalization of $208,990.00, a PE ratio of 21.97, a PEG ratio of 2.63 and a beta of 0.51. Procter & Gamble has a 1 year low of $80.10 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.60%.
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About Procter & Gamble
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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