Zacks: Analysts Anticipate The Procter & Gamble Company (NYSE:PG) Will Post Earnings of $1.29 Per Share

Equities analysts expect The Procter & Gamble Company (NYSE:PGGet Rating) to report earnings of $1.29 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Procter & Gamble’s earnings, with estimates ranging from $1.25 to $1.33. Procter & Gamble posted earnings of $1.26 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Procter & Gamble will report full year earnings of $5.87 per share for the current year, with EPS estimates ranging from $5.80 to $5.95. For the next year, analysts anticipate that the firm will post earnings of $6.29 per share, with EPS estimates ranging from $6.20 to $6.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Procter & Gamble.

Procter & Gamble (NYSE:PGGet Rating) last issued its earnings results on Wednesday, January 19th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.01. Procter & Gamble had a return on equity of 31.99% and a net margin of 18.52%. The firm had revenue of $20.95 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter last year, the business earned $1.64 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year.

A number of equities analysts have recently weighed in on PG shares. JPMorgan Chase & Co. lowered Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $181.00 to $165.00 in a research note on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $179.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. Morgan Stanley lifted their price target on shares of Procter & Gamble from $161.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, January 20th. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 price target on the stock. in a research note on Tuesday, March 29th. Finally, Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.60.

In other Procter & Gamble news, COO Shailesh Jejurikar sold 49,337 shares of the stock in a transaction dated Thursday, January 20th. The stock was sold at an average price of $161.13, for a total value of $7,949,670.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 1,335 shares of the firm’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total value of $204,935.85. The disclosure for this sale can be found here. In the last three months, insiders sold 566,796 shares of company stock worth $91,098,906. Insiders own 0.51% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock valued at $25,651,517,000 after purchasing an additional 1,785,863 shares during the period. State Street Corp boosted its holdings in Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after purchasing an additional 1,716,517 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock valued at $7,090,497,000 after acquiring an additional 972,826 shares during the period. Morgan Stanley raised its position in shares of Procter & Gamble by 1.0% during the 3rd quarter. Morgan Stanley now owns 34,831,920 shares of the company’s stock worth $4,869,502,000 after purchasing an additional 331,201 shares during the last quarter. Finally, Norges Bank acquired a new position in Procter & Gamble in the 4th quarter valued at $3,726,603,000. 63.05% of the stock is currently owned by institutional investors.

NYSE PG traded down $0.89 on Friday, hitting $158.57. 7,806,452 shares of the stock were exchanged, compared to its average volume of 6,770,992. Procter & Gamble has a 52 week low of $130.29 and a 52 week high of $165.35. The company has a market capitalization of $383.73 billion, a PE ratio of 28.02, a P/E/G ratio of 4.26 and a beta of 0.46. The business’s fifty day moving average is $154.43 and its 200 day moving average is $152.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 22nd will be given a dividend of $0.9133 per share. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $3.65 annualized dividend and a yield of 2.30%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is 61.48%.

About Procter & Gamble (Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Earnings History and Estimates for Procter & Gamble (NYSE:PG)

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