Wall Street analysts expect that Procter & Gamble Co (NYSE:PG) will post sales of $18.21 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Procter & Gamble’s earnings, with estimates ranging from $17.76 billion to $18.53 billion. Procter & Gamble posted sales of $17.80 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is expected to announce its next earnings results on Tuesday, October 27th.
According to Zacks, analysts expect that Procter & Gamble will report full year sales of $72.84 billion for the current financial year, with estimates ranging from $72.28 billion to $73.40 billion. For the next financial year, analysts forecast that the company will post sales of $75.35 billion, with estimates ranging from $74.14 billion to $75.96 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Procter & Gamble.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. During the same period last year, the firm earned $1.10 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis.
Shares of PG traded down $0.41 during trading hours on Thursday, hitting $138.22. The company’s stock had a trading volume of 201,831 shares, compared to its average volume of 8,735,884. The company has a market cap of $345.14 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The business has a 50 day simple moving average of $135.14 and a two-hundred day simple moving average of $121.49. Procter & Gamble has a 52-week low of $94.34 and a 52-week high of $141.70.
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a dividend of $0.7907 per share. The ex-dividend date was Thursday, July 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.29%. Procter & Gamble’s dividend payout ratio is currently 61.72%.
In other Procter & Gamble news, VP Valarie L. Sheppard sold 4,688 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total transaction of $648,256.64. Following the transaction, the vice president now directly owns 26,704 shares of the company’s stock, valued at approximately $3,692,629.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Insiders have sold a total of 272,757 shares of company stock valued at $36,738,374 over the last quarter. 0.70% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Demars Financial Group LLC grew its position in shares of Procter & Gamble by 44.1% in the 2nd quarter. Demars Financial Group LLC now owns 8,156 shares of the company’s stock worth $975,000 after buying an additional 2,496 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in Procter & Gamble by 191.8% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 69,604 shares of the company’s stock worth $8,322,000 after purchasing an additional 45,747 shares in the last quarter. Elevated Capital Advisors LLC bought a new position in Procter & Gamble in the 2nd quarter worth about $868,000. FinTrust Capital Advisors LLC boosted its stake in Procter & Gamble by 18.9% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 8,882 shares of the company’s stock worth $1,062,000 after purchasing an additional 1,413 shares in the last quarter. Finally, Hayek Kallen Investment Management boosted its stake in Procter & Gamble by 9.9% in the 2nd quarter. Hayek Kallen Investment Management now owns 2,228 shares of the company’s stock worth $266,000 after purchasing an additional 201 shares in the last quarter. 62.81% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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