Wall Street analysts forecast that Procter & Gamble Company (The) (NYSE:PG) will report sales of $16.64 billion for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Procter & Gamble Company (The)’s earnings. The lowest sales estimate is $16.50 billion and the highest is $16.82 billion. Procter & Gamble Company (The) posted sales of $16.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The firm is scheduled to announce its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Procter & Gamble Company (The) will report full-year sales of $16.64 billion for the current fiscal year, with estimates ranging from $66.47 billion to $67.63 billion. For the next financial year, analysts expect that the company will report sales of $69.01 billion per share, with estimates ranging from $68.23 billion to $69.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Procter & Gamble Company (The).

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share.

Several brokerages have issued reports on PG. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Jefferies Group LLC reiterated a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and an average target price of $87.48.

Shares of Procter & Gamble Company (NYSE:PG) opened at 92.51 on Monday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.96. The company has a market cap of $235.90 billion, a PE ratio of 16.54 and a beta of 0.68. The firm’s 50-day moving average is $90.21 and its 200-day moving average is $89.30.

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

In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at approximately $2,129,161.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock valued at $4,216,070 over the last three months. 0.35% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Asset Planning Services Ltd. raised its position in Procter & Gamble Company (The) by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP acquired a new position in Procter & Gamble Company (The) during the second quarter worth about $119,000. Blume Capital Management Inc. raised its position in Procter & Gamble Company (The) by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares in the last quarter. Finally, Edge Wealth Management LLC raised its position in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

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Procter & Gamble Company (The) Company Profile

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.

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

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