Procter & Gamble (PG) Updates FY 2019 Earnings Guidance

Procter & Gamble (NYSE:PG) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.35-4.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.45. The company issued revenue guidance of $66.832-67.5 billion, compared to the consensus revenue estimate of $67.2 billion.

A number of research analysts recently weighed in on PG shares. Zacks Investment Research lowered shares of Procter & Gamble from a buy rating to a hold rating in a research note on Tuesday, March 26th. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $100.00 to $106.00 and gave the company a hold rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Procter & Gamble to $102.00 and gave the company a neutral rating in a research note on Wednesday. Barclays upgraded shares of Procter & Gamble from an equal weight rating to an overweight rating and lifted their price objective for the company from $94.00 to $112.00 in a research note on Wednesday. Finally, DZ Bank reiterated a sell rating on shares of Procter & Gamble in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $101.42.

NYSE:PG traded up $1.27 during trading hours on Wednesday, hitting $104.43. The stock had a trading volume of 2,980,116 shares, compared to its average volume of 9,002,787. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61. Procter & Gamble has a one year low of $70.73 and a one year high of $107.20. The company has a market cap of $268.46 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 3.43 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The firm had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the firm earned $1.00 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble will post 4.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.86%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.

In other news, insider Gary A. Coombe sold 9,000 shares of Procter & Gamble stock in a transaction on Monday, January 28th. The shares were sold at an average price of $93.90, for a total transaction of $845,100.00. Following the completion of the sale, the insider now directly owns 18,517 shares of the company’s stock, valued at approximately $1,738,746.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Theresa Grabowski sold 19,049 shares of Procter & Gamble stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $94.90, for a total transaction of $1,807,750.10. Following the sale, the insider now directly owns 20,871 shares of the company’s stock, valued at $1,980,657.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,270,496 shares of company stock valued at $224,931,027. Insiders own 1.84% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cranbrook Wealth Management LLC lifted its stake in Procter & Gamble by 55.3% in the fourth quarter. Cranbrook Wealth Management LLC now owns 427 shares of the company’s stock worth $39,000 after purchasing an additional 152 shares during the last quarter. Clarfeld Financial Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth $57,000. Larson Financial Group LLC bought a new stake in Procter & Gamble in the fourth quarter worth $65,000. WESPAC Advisors SoCal LLC lifted its stake in Procter & Gamble by 39.4% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 825 shares of the company’s stock worth $76,000 after purchasing an additional 233 shares during the last quarter. Finally, PRW Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $81,000. 61.76% of the stock is owned by institutional investors.

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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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