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

The Procter & Gamble (NYSE:PG) posted its earnings results on Monday. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07, MarketWatch Earnings reports. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The business had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. During the same period in the prior year, the business earned $1.17 EPS. The Procter & Gamble’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Shares of NYSE:PG traded down $0.95 during midday trading on Wednesday, hitting $136.80. 599,990 shares of the stock were exchanged, compared to its average volume of 8,327,416. The business’s 50-day moving average price is $131.85 and its 200 day moving average price is $135.32. The Procter & Gamble has a 12 month low of $111.25 and a 12 month high of $146.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a market capitalization of $336.87 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.25 and a beta of 0.38.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be given a $0.8698 dividend. The ex-dividend date of this dividend is Thursday, April 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a yield of 2.54%. The Procter & Gamble’s dividend payout ratio (DPR) is currently 61.72%.

In other news, CFO Jon R. Moeller sold 6,536 shares of the stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $822,032.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 1,811 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $227,769.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 629,838 shares of company stock worth $81,120,667. 0.70% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in The Procter & Gamble stock. OLD Mission Capital LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,508 shares of the company’s stock, valued at approximately $349,000. 63.05% of the stock is currently owned by institutional investors and hedge funds.

PG has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, April 16th. Citigroup lowered The Procter & Gamble from a “buy” rating to a “neutral” rating in a research note on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Morgan Stanley decreased their price target on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $148.93.

The Procter & Gamble Company Profile

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.

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

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