Procter & Gamble Company (The) (PG) Posts Earnings Results, Beats Estimates By $0.07 EPS

Procter & Gamble Company (The) (NYSE:PG) issued its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07, Bloomberg Earnings reports. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. Procter & Gamble Company (The) updated its FY18 guidance to $4.12-4.19 EPS.

Shares of Procter & Gamble Company (PG) opened at 92.44 on Thursday. The company’s 50-day moving average price is $89.30 and its 200 day moving average price is $89.05. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.95. The stock has a market capitalization of $235.72 billion, a PE ratio of 16.53 and a beta of 0.68.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

PG has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, April 24th. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective on the stock in a research note on Wednesday, April 26th. Deutsche Bank AG reiterated a “hold” rating and set a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $103.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday, April 26th. Finally, Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.48.

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In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 29,621 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $86.01, for a total transaction of $2,547,702.21. Following the completion of the transaction, the insider now owns 76,651 shares in the company, valued at $6,592,752.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total value of $334,253.43. The disclosure for this sale can be found here. Insiders have sold 141,548 shares of company stock valued at $12,287,453 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Several hedge funds have recently made changes to their positions in PG. Norges Bank purchased a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $1,918,188,000. Capital Research Global Investors raised its stake in shares of Procter & Gamble Company (The) by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Procter & Gamble Company (The) by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after buying an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Procter & Gamble Company (The) by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Procter & Gamble Company (The) by 775.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,562,545 shares of the company’s stock worth $383,723,000 after buying an additional 4,041,486 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Procter & Gamble Company (The)

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.

Earnings History for Procter & Gamble Company (The) (NYSE:PG)

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