The Procter & Gamble (NYSE:PG) Releases FY 2021 Earnings Guidance

The Procter & Gamble (NYSE:PG) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.530-5.630 for the period, compared to the Thomson Reuters consensus estimate of $5.670. The company issued revenue guidance of $74.50 billion-$75.21 billion, compared to the consensus revenue estimate of $75.35 billion.

A number of equities analysts have issued reports on the stock. Independent Research raised shares of The Procter & Gamble from a hold rating to a buy rating and set a $149.00 target price on the stock in a report on Friday, January 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a neutral rating and issued a $150.00 target price (down previously from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a report on Tuesday, January 19th. They issued a market perform rating and a $149.00 target price on the stock. Morgan Stanley cut their target price on shares of The Procter & Gamble from $165.00 to $155.00 and set an overweight rating on the stock in a report on Monday, April 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of The Procter & Gamble from $153.00 to $148.00 and set an overweight rating on the stock in a report on Thursday, April 22nd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $148.93.

NYSE:PG traded down $0.42 during midday trading on Tuesday, hitting $134.58. 795,404 shares of the stock were exchanged, compared to its average volume of 8,280,199. The Procter & Gamble has a one year low of $111.25 and a one year high of $146.92. The company has a market capitalization of $329.48 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 3.25 and a beta of 0.38. The business has a 50-day moving average price of $133.89 and a two-hundred day moving average price of $134.79. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The firm had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Sell-side analysts forecast that The Procter & Gamble will post 5.59 EPS for the current fiscal year.

The firm also recently declared 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 positive change 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 2.59%. The Procter & Gamble’s payout ratio is 67.97%.

In other The Procter & Gamble news, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total value of $1,743,769.84. Also, Director Nelson Peltz sold 408,880 shares of The Procter & Gamble stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $128.71, for a total transaction of $52,626,944.80. Following the completion of the transaction, the director now owns 5,357 shares in the company, valued at approximately $689,499.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 560,215 shares of company stock worth $72,179,449. 0.70% of the stock is currently owned by company insiders.

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

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.

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