Procter & Gamble Co to Post Q1 2020 Earnings of $1.26 Per Share, Jefferies Financial Group Forecasts (NYSE:PG)

Procter & Gamble Co (NYSE:PG) – Jefferies Financial Group issued their Q1 2020 EPS estimates for Procter & Gamble in a report released on Tuesday, July 30th, according to Zacks Investment Research. Jefferies Financial Group analyst K. Grundy anticipates that the company will post earnings per share of $1.26 for the quarter. Jefferies Financial Group also issued estimates for Procter & Gamble’s Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.12 EPS and FY2022 earnings at $5.36 EPS.

Several other brokerages also recently issued reports on PG. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Stifel Nicolaus set a $117.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, July 30th. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, SunTrust Banks boosted their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $108.15.

PG stock traded down $2.10 during midday trading on Thursday, reaching $117.32. The company had a trading volume of 5,657,177 shares, compared to its average volume of 8,850,847. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $115.99 and a 200 day moving average price of $107.28. Procter & Gamble has a fifty-two week low of $78.49 and a fifty-two week high of $121.76. The firm has a market capitalization of $298.27 billion, a PE ratio of 25.96, a P/E/G ratio of 3.45 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. Procter & Gamble’s quarterly revenue was up 3.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were issued a dividend of $0.7459 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.54%. Procter & Gamble’s payout ratio is 65.93%.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $116.00, for a total value of $4,295,132.00. Following the transaction, the chief executive officer now owns 112,703 shares of the company’s stock, valued at $13,073,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Theresa Grabowski sold 5,200 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total value of $619,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 429,026 shares of company stock worth $50,867,990. 1.84% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc raised its stake in Procter & Gamble by 104.5% during the 2nd quarter. NEXT Financial Group Inc now owns 23,556 shares of the company’s stock valued at $2,583,000 after purchasing an additional 12,038 shares during the period. Bellecapital International Ltd. raised its stake in Procter & Gamble by 19.0% during the 2nd quarter. Bellecapital International Ltd. now owns 6,415 shares of the company’s stock valued at $703,000 after purchasing an additional 1,025 shares during the period. Accurate Investment Solutions Inc. raised its stake in Procter & Gamble by 0.9% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 44,502 shares of the company’s stock valued at $4,880,000 after purchasing an additional 385 shares during the period. Curbstone Financial Management Corp raised its stake in Procter & Gamble by 4.2% during the 2nd quarter. Curbstone Financial Management Corp now owns 26,168 shares of the company’s stock valued at $2,869,000 after purchasing an additional 1,050 shares during the period. Finally, Coastal Investment Advisors Inc. raised its stake in Procter & Gamble by 167.9% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 29,241 shares of the company’s stock valued at $3,212,000 after purchasing an additional 18,325 shares during the period. 62.57% of the stock is currently owned by institutional investors.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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