Zacks: Brokerages Expect Procter & Gamble Co (PG) Will Post Quarterly Sales of $17.20 Billion

Analysts forecast that Procter & Gamble Co (NYSE:PG) will announce $17.20 billion in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Procter & Gamble’s earnings, with estimates ranging from $17.01 billion to $17.49 billion. Procter & Gamble reported sales of $17.40 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is expected to announce its next earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that Procter & Gamble will report full-year sales of $66.88 billion for the current fiscal year, with estimates ranging from $66.47 billion to $67.84 billion. For the next fiscal year, analysts anticipate that the business will report sales of $69.01 billion, with estimates ranging from $68.04 billion to $69.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Procter & Gamble.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share.

PG has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Monday, July 9th. UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Wednesday, July 18th. Citigroup cut their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $88.00 price target on shares of Procter & Gamble in a research note on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $87.66.

Shares of PG traded up $0.39 on Tuesday, hitting $88.63. 1,345,361 shares of the stock traded hands, compared to its average volume of 11,684,268. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. The company has a market capitalization of $221.50 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.88 and a beta of 0.59. Procter & Gamble has a 1 year low of $70.73 and a 1 year high of $93.14.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

In related news, insider Kathleen B. Fish sold 10,342 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the completion of the sale, the insider now directly owns 16,382 shares of the company’s stock, valued at approximately $1,362,982.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total transaction of $2,170,500.30. The disclosure for this sale can be found here. In the last three months, insiders sold 147,186 shares of company stock worth $12,080,849. Insiders own 1.84% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PG. Ballentine Partners LLC grew its holdings in Procter & Gamble by 4.0% during the 3rd quarter. Ballentine Partners LLC now owns 20,239 shares of the company’s stock worth $1,685,000 after acquiring an additional 772 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Procter & Gamble by 368.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,352 shares of the company’s stock worth $279,000 after acquiring an additional 2,637 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Procter & Gamble by 1.0% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 147,689 shares of the company’s stock worth $12,292,000 after acquiring an additional 1,429 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in Procter & Gamble by 5.2% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 99,497 shares of the company’s stock worth $8,281,000 after acquiring an additional 4,892 shares in the last quarter. Finally, Palladium Partners LLC grew its holdings in Procter & Gamble by 2.4% during the 3rd quarter. Palladium Partners LLC now owns 163,175 shares of the company’s stock worth $13,582,000 after acquiring an additional 3,817 shares in the last quarter. 58.54% of the stock is owned by institutional investors and hedge funds.

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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