Procter & Gamble (PG) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Procter & Gamble (NYSE:PG) posted its earnings results on Tuesday. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05, Bloomberg Earnings reports. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. Procter & Gamble’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS.

Shares of Procter & Gamble (NYSE PG) opened at $91.89 on Tuesday. The company has a market capitalization of $233,120.00, a price-to-earnings ratio of 24.57, a PEG ratio of 2.91 and a beta of 0.67. Procter & Gamble has a 52 week low of $85.42 and a 52 week high of $94.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.00%. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.80%.

In other news, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. Insiders sold a total of 18,719 shares of company stock valued at $1,661,544 over the last three months. Insiders own 0.35% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. grew its stake in shares of Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Trian Fund Management L.P. grew its stake in shares of Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after purchasing an additional 893,157 shares during the period. American Century Companies Inc. grew its stake in shares of Procter & Gamble by 8.1% during the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after purchasing an additional 934,179 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. 59.57% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on PG shares. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Jefferies Group reiterated a “buy” rating and issued a $104.00 price objective on shares of Procter & Gamble in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Finally, Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus target price of $88.51.

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Procter & Gamble 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 for Procter & Gamble (NYSE:PG)

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