Zacks: Brokerages Expect Procter & Gamble Co (PG) Will Announce Quarterly Sales of $17.34 Billion

Analysts forecast that Procter & Gamble Co (NYSE:PG) will announce $17.34 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Procter & Gamble’s earnings, with estimates ranging from $17.12 billion to $17.59 billion. Procter & Gamble reported sales of $16.86 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings report before the market opens on Tuesday, January 23rd.

On average, analysts expect that Procter & Gamble will report full year sales of $17.34 billion for the current financial year, with estimates ranging from $66.58 billion to $67.53 billion. For the next year, analysts expect that the business will post sales of $68.81 billion per share, with estimates ranging from $68.32 billion to $69.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Procter & Gamble.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share.

Several equities analysts recently commented on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research report on Monday, December 18th. Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Deutsche Bank started coverage on shares of Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $88.51.

In related news, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ioannis Skoufalos sold 2,880 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $88.75, for a total transaction of $255,600.00. The disclosure for this sale can be found here. Insiders sold 18,719 shares of company stock valued at $1,661,544 in the last three months. Company insiders own 0.35% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble in the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $125,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $173,000. 59.57% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble (NYSE:PG) opened at $91.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market cap of $231,040.00, a P/E ratio of 24.35, a P/E/G ratio of 2.88 and a beta of 0.67. Procter & Gamble has a one year low of $85.42 and a one year high of $94.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be given a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.80%.

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Procter & Gamble Company Profile

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

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