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

Procter & Gamble Co (NYSE:PG) – Equities research analysts at Jefferies Financial Group issued their Q1 2020 earnings per share (EPS) estimates for shares of Procter & Gamble in a note issued to investors on Tuesday, July 30th. Jefferies Financial Group analyst K. Grundy expects that the company will earn $1.26 per share 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.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share.

PG has been the topic of several other research reports. Barclays upgraded shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $94.00 to $112.00 in a research note on Wednesday, April 24th. DZ Bank reiterated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. TheStreet cut shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Finally, SunTrust Banks boosted their price objective on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.65.

Shares of NYSE PG opened at $118.04 on Thursday. The business has a 50 day moving average price of $113.05. The company has a market capitalization of $290.97 billion, a P/E ratio of 26.55, a PEG ratio of 3.53 and a beta of 0.45. Procter & Gamble has a 52-week low of $78.49 and a 52-week high of $121.76. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39.

Hedge funds have recently bought and sold shares of the stock. Slow Capital Inc. increased its position in Procter & Gamble by 3.9% during the 2nd quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares during the period. Stony Point Wealth Management Inc. increased its position in Procter & Gamble by 0.7% during the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after purchasing an additional 91 shares during the period. Family Legacy Inc. increased its position in Procter & Gamble by 0.6% during the 2nd quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock valued at $1,772,000 after purchasing an additional 95 shares during the period. Merit Financial Group LLC increased its position in Procter & Gamble by 1.6% during the 1st quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock valued at $632,000 after purchasing an additional 96 shares during the period. Finally, O Dell Group LLC increased its position in Procter & Gamble by 1.8% during the 2nd quarter. O Dell Group LLC now owns 5,467 shares of the company’s stock valued at $599,000 after purchasing an additional 98 shares during the period. 62.17% of the stock is currently owned by institutional investors.

In related news, insider Loic Tassel sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $106.00, for a total value of $530,000.00. Following the transaction, the insider now owns 23,753 shares of the company’s stock, valued at approximately $2,517,818. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ma. Fatima Francisco sold 14,184 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $105.50, for a total transaction of $1,496,412.00. Following the completion of the transaction, the insider now directly owns 19,621 shares in the company, valued at approximately $2,070,015.50. The disclosure for this sale can be found here. In the last three months, insiders sold 230,135 shares of company stock worth $24,343,655. Insiders own 1.84% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Friday, July 19th will be paid a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, July 18th.

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.

See Also: Beige Book

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.