Procter & Gamble Company (The) (NYSE:PG) – Investment analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for Procter & Gamble Company (The) in a report released on Monday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $1.09 for the quarter, up from their prior forecast of $1.08. Jefferies Group currently has a “Buy” rating and a $104.00 target price on the stock. Jefferies Group also issued estimates for Procter & Gamble Company (The)’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $4.22 EPS, FY2019 earnings at $4.54 EPS and FY2020 earnings at $4.88 EPS.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/22/q1-2018-eps-estimates-for-procter-gamble-company-the-lifted-by-analyst-pg.html.

PG has been the subject of a number of other reports. Macquarie assumed coverage on shares of Procter & Gamble Company (The) in a research note on Thursday, September 14th. They set an “outperform” rating and a $102.00 target price for the company. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price for the company in a research note on Friday, September 15th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Bank of America Corporation boosted their target price on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $92.00 target price (up from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and a consensus price target of $90.00.

Shares of Procter & Gamble Company (NYSE PG) opened at 92.64 on Wednesday. The stock has a market capitalization of $236.23 billion, a P/E ratio of 16.56 and a beta of 0.68. The stock has a 50 day moving average price of $92.38 and a 200 day moving average price of $89.61. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.50.

A number of institutional investors have recently modified their holdings of the stock. MPS Loria Financial Planners LLC bought a new position in shares of Procter & Gamble Company (The) during the 2nd quarter valued at about $433,000. W. E. Donoghue & Co. LLC bought a new position in shares of Procter & Gamble Company (The) during the 2nd quarter valued at about $15,710,000. Intl Fcstone Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 110.1% during the 2nd quarter. Intl Fcstone Inc. now owns 23,054 shares of the company’s stock valued at $2,009,000 after purchasing an additional 12,083 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Procter & Gamble Company (The) during the 2nd quarter valued at about $4,690,000. Finally, Gs Investments Inc. bought a new position in shares of Procter & Gamble Company (The) during the 2nd quarter valued at about $1,119,000. 59.29% of the stock is owned by institutional investors.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock valued at $4,216,070 in the last ninety days. 0.35% of the stock is currently owned by insiders.

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.

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.