What To Expect From Procter & Gamble's Q1 Earnings

21 October, 2017, 01:05 | Author: Katrina Soto
  • Procter & Gamble CEO David Taylor answers questions at a news conference following P&G’s shareholder vote Tuesday in Cincinnati. Initial voting results show Procter & Gamble successfully fending off an attempt by activist investor Nelson Peltz to captu

Macquarie began coverage on shares of Procter & Gamble Company (The) in a research report on Thursday, September 14th. Winch Advisory Services LLC lifted its position in shares of Procter & Gamble Company (The) by 3.5% during the 2nd quarter. The Standard Life Investments Ltd holds 2.97 million shares with $455.10 million value, up from 2.11M last quarter.

Stock Price: PG stock was down 0.8% in the pre-market trading at the time of writing. Schafer Cullen Cap Management invested 0.01% in Procter & Gamble Co (NYSE:PG). Thomaspartners Inc. now owns 2,483,566 shares of the company's stock valued at $223,148,000 after purchasing an additional 224,714 shares during the last quarter. Finally, Cribstone Capital Management LLC grew its position in Procter & Gamble Company (The) by 58.8% in the first quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company's stock valued at $1,768,000 after purchasing an additional 835 shares during the last quarter.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm's stock in a transaction dated Monday, October 16th. The transaction was disclosed in a document filed with the SEC, which is available through this link. The firm has "Neutral" rating given on Tuesday, November 17 by Citigroup. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. About 5,238 shares traded. This, of course, is why we focus so much attention on the technicals as an indication of what to buy, hold or sell. The Procter & Gamble Company (NYSE:PG) presently has a 10 month price index of 1.10588. SunTrust downgraded Procter & Gamble Co (NYSE:PG) on Thursday, December 22 to "Hold" rating.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Normally we would see resistance at $50 because of the round number aspect of the price; however, $49.50 represents the stock's highs from September and October. If you are viewing this story on another website, it was illegally copied and reposted in violation of worldwide trademark and copyright legislation.

P&G argued that it whittled down its portfolio to 60 brands, many of them world-wide popular names, and lopped off several business units to streamline and Peltz's suggestions did not move the needle in terms of what the company was already doing. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. Also, insider Suranjan Magesvaran sold 10,512 shares of the business's stock in a transaction that occurred on Monday, July 31st. Thomaspartners Inc. boosted its holdings in Procter & Gamble Company (The) by 9.9% during the 1st quarter. The firm's 50 day moving average is $92.57 and its 200 day moving average is $89.86.

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Narwhal Capital Management increased Procter And Gamble Co (PG) stake by 27.5% reported in 2017Q2 SEC filing. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.01, Bloomberg Earnings reports.

Net sales in the first quarter of fiscal year 2018 were $16.7 billion, an increase of one percent versus the prior year. The firm's revenue was up.8% compared to the same quarter a year ago. During the same quarter past year, the company posted $1.03 EPS.

The Cincinnati-based consumer products giant reported Q1 earnings per share (EPS) of $1.09, which was $0.01 better than the Wall Street consensus estimate of $1.08. Investors of record on Friday, October 21st will be given a $0.6695 dividend. As per Wednesday, October 12, the company rating was upgraded by Argus Research.

The results posted for their individual sectors were mixed, with beauty, health care and fabric and home care increasing sales, whereas grooming and baby, feminine and family care experienced a reduction in revenue.

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