Procter & Gamble Co (NYSE:PG) Expected to Announce Quarterly Sales of $17.49 Billion

Brokerages expect Procter & Gamble Co (NYSE:PG) to post sales of $17.49 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Procter & Gamble’s earnings, with the highest sales estimate coming in at $17.73 billion and the lowest estimate coming in at $17.22 billion. Procter & Gamble reported sales of $16.69 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings report on Friday, October 18th.

On average, analysts expect that Procter & Gamble will report full-year sales of $70.36 billion for the current year, with estimates ranging from $69.72 billion to $70.91 billion. For the next year, analysts expect that the firm will report sales of $72.74 billion, with estimates ranging from $71.56 billion to $73.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Procter & Gamble.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year.

PG has been the topic of a number of analyst reports. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Wells Fargo & Co restated a “buy” rating and issued a $135.00 price target (up from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Morgan Stanley set a $129.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Monday, August 12th. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, SunTrust Banks raised their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average price target of $108.15.

In related news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the sale, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at approximately $13,073,548. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock valued at $53,197,461 over the last ninety days. 1.75% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of PG. D Orazio & Associates Inc. grew its position in shares of Procter & Gamble by 3.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 3,152 shares of the company’s stock valued at $346,000 after buying an additional 98 shares during the last quarter. NEXT Financial Group Inc grew its position in shares of 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 buying an additional 12,038 shares during the last quarter. Homrich & Berg grew its position in shares of Procter & Gamble by 1.1% during the 2nd quarter. Homrich & Berg now owns 116,403 shares of the company’s stock valued at $12,764,000 after buying an additional 1,291 shares during the last quarter. Bellecapital International Ltd. grew its position in shares of 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 buying an additional 1,025 shares during the last quarter. Finally, Accurate Investment Solutions Inc. grew its position in shares of 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 buying an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Shares of NYSE PG traded down $0.52 during mid-day trading on Tuesday, hitting $122.25. The company had a trading volume of 194,453 shares, compared to its average volume of 6,182,078. The company has a market capitalization of $304.85 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble has a 1-year low of $78.49 and a 1-year high of $123.43. The business’s 50-day simple moving average is $118.41 and its 200 day simple moving average is $109.40.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $0.7459 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $2.98 annualized dividend and a yield of 2.44%. Procter & Gamble’s payout ratio is currently 65.93%.

Procter & Gamble Company Profile

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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