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

The Procter & Gamble (NYSE:PG) issued its earnings results on Monday. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $18 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.

PG traded down $0.90 during mid-day trading on Wednesday, reaching $136.85. 8,448,401 shares of the stock were exchanged, compared to its average volume of 8,329,204. The Procter & Gamble has a 1 year low of $111.25 and a 1 year 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 $336.99 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The company has a 50 day moving average price of $131.85 and a two-hundred day moving average price of $135.32.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be given a $0.8698 dividend. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, April 22nd. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

PG has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, April 16th. 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 lowered their target price for the stock from $165.00 to $150.00 in a research note on Wednesday. Sanford C. Bernstein began coverage on The Procter & Gamble in a report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $148.93.

In other news, CFO Jon R. Moeller sold 6,536 shares of the business’s 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 $822,032.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Deborah P. Majoras sold 6,903 shares of the company’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $868,190.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 629,838 shares of company stock valued at $81,120,667. Company insiders own 0.70% of the company’s stock.

An institutional investor recently bought a new position in The Procter & Gamble stock. OLD Mission Capital LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,508 shares of the company’s stock, valued at approximately $349,000. Institutional investors own 63.05% of the company’s stock.

About The Procter & Gamble

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.

See Also: Quantitative Easing

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

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