Procter & Gamble (NYSE:PG) issued an update on its FY 2021
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.27-5.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.23. The company issued revenue guidance of $71.6595-73.0785 billion, compared to the consensus revenue estimate of $71.49 billion.

PG stock opened at $131.12 on Friday. The company has a 50 day simple moving average of $121.39 and a 200 day simple moving average of $119.14. The stock has a market cap of $324.61 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 3.43 and a beta of 0.42. Procter & Gamble has a 1 year low of $94.34 and a 1 year high of $132.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.85 and a quick ratio of 0.66.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. The business had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.38%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. On average, equities research analysts anticipate that Procter & Gamble will post 5.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be given a dividend of $0.7907 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, July 23rd. Procter & Gamble’s dividend payout ratio is 61.72%.

PG has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of Procter & Gamble from $140.00 to $148.00 and gave the stock a buy rating in a research report on Monday, July 27th. Bank of America restated a buy rating and issued a $135.00 price target on shares of Procter & Gamble in a research report on Saturday, April 18th. SunTrust Banks upped their price target on shares of Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Citigroup upped their price target on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a buy rating in a research report on Monday, April 20th. Finally, TheStreet upgraded shares of Procter & Gamble from a c+ rating to a b rating in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $133.67.

In other Procter & Gamble news, CFO Jon R. Moeller sold 130,626 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $116.37, for a total transaction of $15,200,947.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nelson Peltz sold 1,005,263 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $114.50, for a total transaction of $115,102,613.50. Following the sale, the director now owns 3,891 shares of the company’s stock, valued at $445,519.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,570,603 shares of company stock valued at $179,504,390. 1.75% of the stock is currently owned by company insiders.

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

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