$16.20 Billion in Sales Expected for Procter & Gamble Co (PG) This Quarter
Analysts predict that Procter & Gamble Co (NYSE:PG) will post sales of $16.20 billion for the current quarter, according to Zacks. Eight analysts have issued estimates for Procter & Gamble’s earnings. The highest sales estimate is $16.43 billion and the lowest is $15.94 billion. Procter & Gamble posted sales of $15.61 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The firm is expected to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Procter & Gamble will report full-year sales of $16.20 billion for the current fiscal year, with estimates ranging from $66.62 billion to $67.24 billion. For the next year, analysts anticipate that the company will post sales of $68.92 billion per share, with estimates ranging from $68.66 billion to $69.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Procter & Gamble.
Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share.
In related news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold 70,681 shares of company stock worth $6,266,735 in the last quarter. 0.35% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carnegie Capital Asset Management LLC grew its stake in shares of Procter & Gamble by 9.5% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 109,676 shares of the company’s stock valued at $9,027,000 after buying an additional 9,478 shares during the last quarter. Buckingham Asset Management LLC grew its stake in shares of Procter & Gamble by 1.9% during the fourth quarter. Buckingham Asset Management LLC now owns 46,838 shares of the company’s stock valued at $4,303,000 after buying an additional 893 shares during the last quarter. Brookmont Capital Management grew its stake in shares of Procter & Gamble by 53.0% during the fourth quarter. Brookmont Capital Management now owns 56,369 shares of the company’s stock valued at $5,179,000 after buying an additional 19,521 shares during the last quarter. Harvest Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $276,000. Finally, Commerce Bank grew its stake in shares of Procter & Gamble by 5.3% during the fourth quarter. Commerce Bank now owns 1,303,741 shares of the company’s stock valued at $119,788,000 after buying an additional 65,440 shares during the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble (NYSE:PG) traded up $1.41 during trading hours on Wednesday, hitting $81.33. The company’s stock had a trading volume of 10,768,289 shares, compared to its average volume of 10,070,000. The stock has a market capitalization of $206,330.00, a P/E ratio of 21.69, a P/E/G ratio of 2.49 and a beta of 0.51. Procter & Gamble has a 12-month low of $78.59 and a 12-month high of $94.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.60%.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://theolympiareport.com/2018/02/13/16-20-billion-in-sales-expected-for-procter-gamble-co-pg-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.