Analysts Set Expectations for The Procter & Gamble Company’s FY2023 Earnings (NYSE:PG)

The Procter & Gamble Company (NYSE:PG – Get Rating) – Equities research analysts at Zacks Research raised their FY2023 earnings per share estimates for Procter & Gamble in a note issued to investors on Monday, May 29th. Zacks Research analyst R. Lohia now expects that the company will post earnings per share of $5.84 for the year, up from their previous estimate of $5.83. The consensus estimate for Procter & Gamble’s current full-year earnings is $5.86 per share. Zacks Research also issued estimates for Procter & Gamble’s FY2024 earnings at $6.17 EPS, Q1 2025 earnings at $1.69 EPS and FY2025 earnings at $6.75 EPS.

A number of other equities analysts also recently commented on the company. UBS Group upped their target price on Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $165.00 to $155.00 in a report on Thursday, May 18th. StockNews.com began coverage on Procter & Gamble in a report on Thursday, May 18th. They set a “buy” rating for the company. Jefferies Financial Group upped their price target on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Finally, Morgan Stanley upped their target price on shares of Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $161.50.

Procter & Gamble Trading Down 1.6 %

NYSE PG opened at $143.14 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59. Procter & Gamble has a fifty-two week low of $122.18 and a fifty-two week high of $158.11. The stock has a market cap of $337.38 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 4.04 and a beta of 0.41. The stock has a 50 day simple moving average of $151.41 and a two-hundred day simple moving average of $147.28.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The company had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same period in the prior year, the business posted $1.33 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.

Institutional Trading of Procter & Gamble

A number of institutional investors have recently bought and sold shares of the company. Tevis Investment Management raised its stake in Procter & Gamble by 0.5% during the 1st quarter. Tevis Investment Management now owns 12,260 shares of the company’s stock valued at $1,823,000 after acquiring an additional 64 shares during the last quarter. Eagle Strategies LLC raised its stake in Procter & Gamble by 1.9% during the 1st quarter. Eagle Strategies LLC now owns 3,526 shares of the company’s stock valued at $524,000 after acquiring an additional 65 shares during the last quarter. WealthTrust Asset Management LLC raised its stake in Procter & Gamble by 3.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 1,990 shares of the company’s stock valued at $296,000 after acquiring an additional 65 shares during the last quarter. Exeter Financial LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Exeter Financial LLC now owns 15,144 shares of the company’s stock valued at $2,286,000 after acquiring an additional 66 shares during the last quarter. Finally, Diligent Investors LLC raised its stake in Procter & Gamble by 0.4% during the 1st quarter. Diligent Investors LLC now owns 16,084 shares of the company’s stock valued at $2,391,000 after acquiring an additional 66 shares during the last quarter. 62.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the transaction, the chief operating officer now directly owns 10,014 shares in the company, valued at approximately $1,562,484.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the sale, the chief financial officer now owns 27,118 shares in the company, valued at $4,210,611.86. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock valued at $14,821,930 over the last quarter. Company insiders own 0.26% of the company’s stock.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, April 20th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

About Procter & Gamble

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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