Equities research analysts expect Procter & Gamble (NYSE:PG) to announce $0.99 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Procter & Gamble’s earnings, with estimates ranging from $0.97 to $1.03. Procter & Gamble reported earnings of $0.96 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, April 20th.

According to Zacks, analysts expect that Procter & Gamble will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $3.84 to $4.22. For the next financial year, analysts anticipate that the business will report earnings of $4.49 per share, with EPS estimates ranging from $4.13 to $4.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Procter & Gamble.

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Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS.

PG has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 5th. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Bank of America cut their price objective on shares of Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 12th. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $85.52.

In other news, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $87.48, for a total transaction of $401,620.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock worth $9,710,976 over the last quarter. Company insiders own 0.35% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Truepoint Inc. grew its stake in Procter & Gamble by 8,711.3% in the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after buying an additional 26,584,514 shares during the last quarter. American International Group Inc. grew its stake in Procter & Gamble by 448.0% in the 4th quarter. American International Group Inc. now owns 6,567,310 shares of the company’s stock valued at $603,404,000 after buying an additional 5,368,843 shares during the last quarter. Capital Research Global Investors grew its stake in Procter & Gamble by 74.2% in the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC grew its stake in Procter & Gamble by 1,244.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after buying an additional 4,165,862 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

PG opened at $78.61 on Friday. The firm has a market capitalization of $197,571.08, a P/E ratio of 20.05, a P/E/G ratio of 2.49 and a beta of 0.56. Procter & Gamble has a 12 month low of $75.81 and a 12 month high of $94.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th will be paid a $0.7172 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s payout ratio is presently 70.41%.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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