Companies and Brands
What to Look for in Procter & Gamble Earnings
Published:
Last Updated:
Procter & Gamble Co. (NYSE: PG) is scheduled to release its fiscal fourth-quarter earnings report before the markets open on Tuesday. The consensus estimates call for $0.74 in earnings per share (EPS) on revenue of $15.83 billion. In the same period of last year, the company posted EPS of $0.93 and $17.79 billion in revenue.
This stock is trading up from this time last year, in part because it has a very large 65% of sales directed to foreign customers, which should improve as the dollar’s run has slowed dramatically. It is a solid consumer staples stock for conservative investors to consider.
The company sells lots of very well-known household items that are essential for everyday life, and it operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
The company posted an earnings beat for the fiscal third quarter, and analysts feel that the new focus on a slimmed down product portfolio will help spur earnings growth and return the company to its long-time premium consumer staples multiple.
A few analysts weighed in on P&G prior to the release of the earnings report:
- Deutsche Bank reiterated a Buy rating with a $92 price target.
- Stifel has a Buy rating with a $92 price target.
- Goldman Sachs reiterated a Neutral rating with an $88 price target.
- Jefferies reiterated a Buy rating with a $95 price target.
- Atlantic Securities initiated coverage with a Neutral rating and an $84 price target.
- SunTrust reiterated a Buy rating.
- B. Riley reiterated a Neutral rating with a $74 price target.
So far in 2016, P&G has outperformed the broad markets, with the stock up about 11%. Over the past 52 weeks, the stock is up about 15%.
Its shares were trading up 1% at $86.49 on Monday, with a consensus analyst price target of $86.47 and a 52-week trading range of $65.02 to $86.89.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.