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

The Procter & Gamble (NYSE:PG) released its earnings results on Monday. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07, MarketWatch Earnings reports. The company had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 EPS.

Shares of NYSE:PG traded down $0.95 during trading on Wednesday, reaching $136.80. The company had a trading volume of 599,990 shares, compared to its average volume of 8,327,416. The firm’s fifty day moving average is $131.85 and its 200 day moving average is $135.32. The firm has a market capitalization of $336.87 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The Procter & Gamble has a twelve month low of $111.25 and a twelve 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 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. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, April 22nd. This represents a $3.48 annualized dividend and a yield of 2.54%. The Procter & Gamble’s dividend payout ratio is 61.72%.

Several research firms have recently weighed in on PG. Deutsche Bank Aktiengesellschaft dropped 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 report on Wednesday. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Friday, January 22nd. Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research report on Thursday, January 21st. Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, April 16th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The Procter & Gamble presently has an average rating of “Buy” and a consensus price target of $148.93.

In other news, Director Nelson Peltz sold 408,880 shares of the company’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $128.71, for a total value of $52,626,944.80. Following the completion of the sale, the director now directly owns 5,357 shares of the company’s stock, valued at approximately $689,499.47. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $125.77, for a total transaction of $868,190.31. The disclosure for this sale can be found here. Over the last ninety days, 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 bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,508 shares of the company’s stock, valued at approximately $349,000. Hedge funds and other institutional investors own 63.05% of the company’s stock.

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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