Brokers Set Expectations for The Procter & Gamble Company’s Q3 2022 Earnings (NYSE:PG)

The Procter & Gamble Company (NYSE:PGGet Rating) – Investment analysts at Jefferies Financial Group lowered their Q3 2022 earnings per share estimates for shares of Procter & Gamble in a note issued to investors on Monday, April 18th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will earn $1.29 per share for the quarter, down from their previous forecast of $1.33. Jefferies Financial Group also issued estimates for Procter & Gamble’s FY2022 earnings at $5.88 EPS and FY2023 earnings at $6.32 EPS.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Wednesday, January 19th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.01. The company had revenue of $20.95 billion during the quarter, compared to analyst estimates of $20.34 billion. Procter & Gamble had a net margin of 18.52% and a return on equity of 31.99%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 earnings per share.

PG has been the topic of a number of other research reports. Morgan Stanley upped their target price on Procter & Gamble from $161.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, January 20th. Zacks Investment Research downgraded Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 target price on the stock. in a report on Tuesday, March 29th. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $175.00 in a report on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $161.60.

Shares of PG opened at $159.41 on Wednesday. The company has a market capitalization of $385.76 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 4.26 and a beta of 0.46. Procter & Gamble has a fifty-two week low of $130.29 and a fifty-two week high of $165.35. 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 business’s 50-day moving average is $154.36 and its 200-day moving average is $153.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 22nd will be issued a $0.9133 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 61.48%.

In other Procter & Gamble news, insider Deborah P. Majoras sold 1,927 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $153.51, for a total transaction of $295,813.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 1,335 shares of the business’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total transaction of $204,935.85. The disclosure for this sale can be found here. Insiders sold 566,796 shares of company stock valued at $91,098,906 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Capital Directions Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the third quarter valued at about $27,000. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Procter & Gamble during the third quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $40,000. Delos Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $50,000. Finally, Level Financial Advisors Inc. bought a new stake in Procter & Gamble in the fourth quarter valued at about $51,000. 63.05% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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

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