Research Analysts Set Expectations for The Procter & Gamble Company’s Q1 2023 Earnings (NYSE:PG)

The Procter & Gamble Company (NYSE:PG – Get Rating) – Investment analysts at Jefferies Financial Group issued their Q1 2023 earnings per share estimates for shares of Procter & Gamble in a report issued on Sunday, July 31st. Jefferies Financial Group analyst K. Grundy forecasts that the company will post earnings per share of $1.60 for the quarter. The consensus estimate for Procter & Gamble’s current full-year earnings is $5.94 per share. Jefferies Financial Group also issued estimates for Procter & Gamble’s Q2 2023 earnings at $1.69 EPS, Q3 2023 earnings at $1.35 EPS and Q4 2023 earnings at $1.37 EPS.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. Procter & Gamble’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share.

Other equities research analysts have also recently issued reports about the company. Credit Suisse Group lifted their target price on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. UBS Group decreased their price objective on Procter & Gamble to $153.00 in a report on Friday, July 22nd. Wells Fargo & Company decreased their price objective on Procter & Gamble from $170.00 to $160.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $165.00 to $156.00 in a report on Thursday, July 21st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $162.93.

Procter & Gamble Trading Down 0.2 %

NYSE PG opened at $144.65 on Wednesday. The stock has a market capitalization of $347.06 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.92 and a beta of 0.35. Procter & Gamble has a one year low of $129.50 and a one year high of $165.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.45. The business’s fifty day moving average is $142.98 and its 200-day moving average is $151.14.

Procter & Gamble Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be paid a $0.913 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $3.65 annualized dividend and a yield of 2.52%. Procter & Gamble’s payout ratio is 62.82%.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the sale, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at $728,770. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Sundar G. Raman sold 1,599 shares of the stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the sale, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now directly owns 5,026 shares in the company, valued at $728,770. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PG. Win Advisors Inc. increased its position in Procter & Gamble by 91.5% in the second quarter. Win Advisors Inc. now owns 180 shares of the company’s stock worth $26,000 after buying an additional 86 shares in the last quarter. Lansing Street Advisors purchased a new stake in shares of Procter & Gamble during the first quarter worth about $37,000. Western Pacific Wealth Management LP purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $40,000. Dravo Bay LLC purchased a new stake in shares of Procter & Gamble during the first quarter worth about $40,000. Finally, Retirement Group LLC grew its position in shares of Procter & Gamble by 48.2% during the first quarter. Retirement Group LLC now owns 283 shares of the company’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. 63.64% of the stock is owned by institutional investors.

Procter & Gamble Company Profile

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The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.