Procter & Gamble Co (PG) Releases Earnings Results, Beats Expectations By $0.05 EPS

Procter & Gamble Co (PG) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.74. The company posted revenue of $16102.00 million in the period, compared to analysts expectations of $15831.63 million. The company’s revenue was down -2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Procter & Gamble Co. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.

Procter & Gamble Co opened for trading at $84.89 and hit $85.79 on the upside on Friday, eventually ending the session at $85.59, with a gain of 0.92% or 0.78 points. The heightened volatility saw the trading volume jump to 75,20,867 shares. Company has a market cap of $227,828 M.

In a different news, on Jun 3, 2016, Gary A Coombe (President-Europe SMO) sold 1,529 shares at $82.36 per share price. According to the SEC, on May 31, 2016, Carolyn M Tastad (Group President – NA SMO) sold 1,881 shares at $81.40 per share price. On May 19, 2016, Patrice Louvet (Group President, Global Beauty) sold 8,385 shares at $79.60 per share price, according to the Form-4 filing with the securities and exchange commission.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming which includes blades razors and electronic hair removal devices such as electric razors and epilators; Health Care which includes oral care and personal health care products.; Fabric Care and Home Care which consists of a range of fabric care products home care products and batteries and Baby Feminine and Family Care which offers diapers pants baby wipe Bounty paper towel and Charmin toilet paper brands. The Company’s products are sold in over 180 countries and territories. P&G’s customers include mass merchandisers grocery stores membership club stores drug stores department stores salons distributors e-commerce and stores.

Procter & Gamble Co

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