Trade Report: The Investment Analysts’ Recent Ratings Updates for Procter & Gamble Co. (PG)

The Investment Analysts’ Recent Ratings Updates for Procter & Gamble Co. (PG)

Several analysts have recently updated their ratings and price targets for Procter & Gamble Co. (NYSE: PG):

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.03% during midday trading on Wednesday, reaching $88.57. The company had a trading volume of 17,090,760 shares. The company’s 50 day moving average price is $88.19 and its 200-day moving average price is $84.64. The company has a market capitalization of $236.37 billion, a P/E ratio of 23.98 and a beta of 0.54. Procter & Gamble Co. has a 52 week low of $73.50 and a 52 week high of $90.33.

Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.83 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be given a $0.6695 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble Co.’s dividend payout ratio is currently 72.63%.

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