Equities research analysts predict that Procter & Gamble Co (NYSE:PG) will announce sales of $16.20 billion for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Procter & Gamble’s earnings. The highest sales estimate is $16.43 billion and the lowest is $15.94 billion. Procter & Gamble reported sales of $15.61 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Procter & Gamble will report full-year sales of $16.20 billion for the current financial year, with estimates ranging from $66.62 billion to $67.24 billion. For the next fiscal year, analysts anticipate that the company will post sales of $68.92 billion per share, with estimates ranging from $68.66 billion to $69.68 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Procter & Gamble.
Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. The company had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share.
Shares of Procter & Gamble (PG) opened at $79.86 on Tuesday. The stock has a market capitalization of $201,330.00, a price-to-earnings ratio of 20.32, a PEG ratio of 2.50 and a beta of 0.58. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Procter & Gamble has a 52-week low of $77.90 and a 52-week high of $94.67.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is 70.23%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Insiders have sold 114,011 shares of company stock worth $9,710,976 over the last three months. 0.35% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $103,000. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Earnest Partners LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $110,000. Cerebellum GP LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $122,000. Finally, Harding Loevner LP bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $119,000. Hedge funds and other institutional investors own 61.05% of the company’s stock.
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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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