Procter & Gamble (PG) Issues Earnings Results

Procter & Gamble (NYSE:PG) released its quarterly earnings results on Friday. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03, MarketWatch Earnings reports. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Procter & Gamble updated its FY 2019 guidance to $4.35-4.56 EPS.

Shares of NYSE PG opened at $87.30 on Friday. Procter & Gamble has a 1-year low of $70.73 and a 1-year high of $93.14. The stock has a market capitalization of $202.29 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.68 and a beta of 0.59. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be paid a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

In related news, insider Kathleen B. Fish sold 26,946 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total transaction of $2,170,500.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total transaction of $2,177,820.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,186 shares of company stock valued at $12,080,849. Insiders own 1.84% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its stake in shares of Procter & Gamble by 41.5% during the second quarter. Cubist Systematic Strategies LLC now owns 7,500 shares of the company’s stock worth $585,000 after buying an additional 2,198 shares during the last quarter. Kalos Management Inc. bought a new stake in shares of Procter & Gamble during the second quarter worth approximately $280,000. Fort L.P. bought a new stake in shares of Procter & Gamble during the second quarter worth approximately $124,000. Lcnb Corp raised its stake in shares of Procter & Gamble by 6.6% during the second quarter. Lcnb Corp now owns 70,816 shares of the company’s stock worth $5,528,000 after buying an additional 4,357 shares during the last quarter. Finally, BB&T Securities LLC raised its stake in shares of Procter & Gamble by 0.5% during the second quarter. BB&T Securities LLC now owns 674,183 shares of the company’s stock worth $52,626,000 after buying an additional 3,341 shares during the last quarter. 58.46% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on PG shares. Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Deutsche Bank boosted their target price on shares of Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Citigroup dropped their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $85.21.

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 for Procter & Gamble (NYSE:PG)

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