Erste Group Bank Issues Pessimistic Estimate for PG Earnings

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for Procter & Gamble to $6.98 from $7.00, matching the current consensus estimate; it projects FY2028 EPS of $7.39.
• In its latest quarter, P&G reported $1.43 in EPS, beating estimates by $0.02, while revenue of $21.20 billion fell short of expectations and rose 1.5% year over year.
• P&G shares opened at $143.71, with analysts maintaining a “Moderate Buy” consensus and an average price target of $161.19. The company also pays a quarterly dividend of $1.0885, equivalent to a 3.0% yield.

Procter & Gamble Company (The) (NYSE:PG - Free Report) - Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for shares of Procter & Gamble in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $6.98 for the year, down from their prior forecast of $7.00. The consensus estimate for Procter & Gamble's current full-year earnings is $6.98 per share. Erste Group Bank also issued estimates for Procter & Gamble's FY2028 earnings at $7.39 EPS.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS.

PG has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Barclays upped their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Finally, Jefferies Financial Group upped their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $161.19.

Procter & Gamble Stock Down 0.0%

Shares of NYSE PG opened at $143.71 on Monday. The company's 50-day simple moving average is $147.11 and its 200-day simple moving average is $148.21. Procter & Gamble has a 52-week low of $137.62 and a 52-week high of $167.25. The firm has a market cap of $334.04 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 4.43 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is currently 65.71%.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares of the company's stock, valued at $184,600.04. This trade represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,627 shares of company stock valued at $953,417. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Procter & Gamble

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. increased its holdings in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at about $26,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $26,000. Park Square Financial Group LLC grew its position in shares of Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. increased its stake in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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