Procter & Gamble (NYSE:PG) will be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Procter & Gamble to post earnings of $1.05 per share for the quarter. Procter & Gamble has set its FY 2019 guidance at $4.35-4.56 EPS and its FY19 guidance at $4.35-4.56 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same period last year, the business posted $1.19 EPS. Procter & Gamble’s revenue was up .2% compared to the same quarter last year. On average, analysts expect Procter & Gamble to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NYSE:PG opened at $105.73 on Tuesday. Procter & Gamble has a 1 year low of $70.73 and a 1 year high of $105.78. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $264.08 billion, a P/E ratio of 25.05, a PEG ratio of 3.39 and a beta of 0.38.
In other news, Vice Chairman Jon R. Moeller sold 3,224 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $98.57, for a total transaction of $317,789.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R. Alexandra Keith sold 3,027 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.57, for a total transaction of $298,371.39. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last ninety days. 1.84% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in PG. Oregon Public Employees Retirement Fund lifted its holdings in shares of Procter & Gamble by 12,676.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 73,958,832 shares of the company’s stock worth $805,000 after acquiring an additional 73,379,984 shares during the period. Boston Partners bought a new position in shares of Procter & Gamble during the 4th quarter worth about $774,750,000. BlackRock Inc. lifted its holdings in Procter & Gamble by 2.9% during the 4th quarter. BlackRock Inc. now owns 168,407,978 shares of the company’s stock valued at $15,480,062,000 after purchasing an additional 4,770,076 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Procter & Gamble by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 34,845,774 shares of the company’s stock valued at $3,198,086,000 after purchasing an additional 3,270,666 shares during the last quarter. Finally, GQG Partners LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $299,509,000. 61.61% of the stock is owned by institutional investors.
A number of analysts have weighed in on PG shares. Zacks Investment Research reissued a “hold” rating and issued a $102.00 price target on shares of Procter & Gamble in a report on Monday, December 31st. SunTrust Banks increased their price target on shares of Procter & Gamble to $95.00 and gave the company a “hold” rating in a report on Thursday, January 24th. They noted that the move was a valuation call. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Co reissued a “hold” rating and issued a $91.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $95.00 price target on shares of Procter & Gamble in a report on Wednesday, January 23rd. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and an average price target of $97.74.
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About Procter & Gamble
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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