SunTrust Banks Equities Analysts Reduce Earnings Estimates for Procter & Gamble (PG)

Procter & Gamble (NYSE:PG) – SunTrust Banks dropped their Q4 2018 earnings per share (EPS) estimates for Procter & Gamble in a research report issued to clients and investors on Thursday, April 19th. SunTrust Banks analyst W. Chappell now expects that the company will post earnings per share of $0.92 for the quarter, down from their previous estimate of $0.93. SunTrust Banks currently has a “Hold” rating and a $75.00 price target on the stock. SunTrust Banks also issued estimates for Procter & Gamble’s Q4 2019 earnings at $1.05 EPS and FY2020 earnings at $5.07 EPS.

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PG has been the subject of a number of other reports. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Tuesday, January 16th. Barclays set a $84.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a report on Thursday, March 15th. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. Finally, Stifel Nicolaus reduced their price objective on shares of Procter & Gamble from $85.00 to $83.00 and set a “hold” rating for the company in a report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.13.



NYSE:PG opened at $73.80 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $186,050.09, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.34 and a beta of 0.57. Procter & Gamble has a 12 month low of $73.74 and a 12 month high of $94.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.82%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be issued a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.89%. Procter & Gamble’s payout ratio is 73.21%.

In related news, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $87.48, for a total transaction of $401,620.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC raised its position in shares of Procter & Gamble by 0.8% in the second quarter. ACR Alpine Capital Research LLC now owns 3,001 shares of the company’s stock valued at $262,000 after purchasing an additional 25 shares during the period. JT Stratford LLC raised its position in shares of Procter & Gamble by 0.6% in the second quarter. JT Stratford LLC now owns 4,060 shares of the company’s stock valued at $354,000 after purchasing an additional 25 shares during the period. American Asset Management Inc. raised its position in shares of Procter & Gamble by 1.2% in the second quarter. American Asset Management Inc. now owns 4,036 shares of the company’s stock valued at $352,000 after purchasing an additional 49 shares during the period. Ken Stern & Associates Inc. raised its position in shares of Procter & Gamble by 0.8% in the second quarter. Ken Stern & Associates Inc. now owns 6,189 shares of the company’s stock valued at $540,000 after purchasing an additional 50 shares during the period. Finally, Krilogy Financial LLC raised its position in shares of Procter & Gamble by 0.7% in the second quarter. Krilogy Financial LLC now owns 6,938 shares of the company’s stock valued at $605,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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