Companies and Brands
What to Look for in Procter & Gamble Earnings
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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.
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