The Procter & Gamble Company [NYSE:PG] will report earnings after markets close on Wednesday, January 20th.
PG Earnings Forecast For The Current Quarter
The Procter & Gamble Company [PG] is expected to report strong earnings results for the quarter ending in Dec 2020. Consensus estimates give the company expected revenues of $19.28B and earnings per share of $1.51 for Dec 2020. Looking further ahead, the company is expected to report revenue of $17.76B at an EPS of $1.19 for Mar 2021. The estimates represent an upside of 3.40% and 6.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
PG Earnings Estimates For The Current Year
For the financial year, The Procter & Gamble Company [NYSE:PG] is expected to bring in revenue of $74.65B. The returns are nearly $3.7 billion higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 5.59, higher than that of FY20 by $0.47. Estimates put this year’s earnings growth at 9.20%, 6.60% for the next, and at an annual 8.74% over the next 5-year period. As for sales, forecasts are for an increase of 5.20% in the current fiscal year and a further 3.40% over the following year.
PG Price Performance
On Wall Street, The Procter & Gamble Company [NYSE:PG] finished Friday’s session down -0.75% at $134.78. The stock went up to $136.20 at the same session while its lowest single day price was $134.66. In the last five days, it saw a fall of about -2.89%, The Procter & Gamble Company shares dropped by almost -3.13% since the beginning of the year. However, the share price has dropped to as low as -8.26% below its one year high. On 01/06/21, the company shares recorded $141.04, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/15/21, the same year at $134.66. The company’s shares have inclined by 6.91% in the past year. The 50-day SMA achieved is $138.64 while the 200-day SMA is $130.28. Volume gained to 7.76 million from 6.17 million in the previous session.
The Procter & Gamble Company [PG] Valuation Measures
Notably, The Procter & Gamble Company [PG] stock cannot be classified as a good candidate in the listing of underestimated low-priced Household & Personal Products companies to purchase soonest possible with the prevailing 12-month PE ratio of 25.77. The measure means the stock is exchanging at a premium as compared to the 19.93x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.63 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.09 which means PG serve an unattractive investment opportunity compared to its competitors.
PG Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 134.78 level, and in case of violation of this particular level, it will cause more drop to 134.23 level. On the upper level, 137.31 is still the key resistance. The stock may increase to the subsequent resistance at 136.75. The Relative Strength Index (RSI) pinned on the 14-day chart is 37.31, implying a neutral technical stance while the MACD stands at -1.99, meaning price will decrease in the next trading period. Percent R indicator moved to 98.12%, implying bearish price movement. Stochastic %K at 11.31% suggest buying the stock.
Is The Procter & Gamble Company [NYSE:PG] a Good Buy Right Now?
It should be noted that PG technical indicators for short, intermediate as well as long term progress have placed an overall average of 24% as Sell. The average signal changed from 16% Buy in the last week and compares with 8% Buy in the past month. Data from The Procter & Gamble Company’s Trend Spotter indicated that the signals were Weakening. The stock current average is 6.9 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 6.79 million shares while the medium term average advocated for Hold. The average long-term signal stands at Hold and the 100-day average volume stands at 6.33 million shares.
What is the short interest in The Procter & Gamble Company?
Short interest in the The Procter & Gamble Company stock has plunged, decreasing by -1.97 million shares to total 15.4 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 13.43 million, data from Yahoo Finance shows. The increase of 12.79% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.62% of the overall float for the stock.
The Procter & Gamble Company’s Biggest Shareholders: Who Owns The Procter & Gamble Company [PG]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 209,129,504 shares or roughly 8.43% of the outstanding PG shares. This means their shares have reduced by -1,934,752 from the 209,129,504 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, SSgA Funds Management, Inc. updated stake is worth $15,949,680,535. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.06% stake valued at $15,503,764,384 while Wellington Management Co. LLP added theirs at $7,384,555,653. During the last quarter, BlackRock Fund Advisors liquidated -1,190,004 of its shares in The Procter & Gamble Company while Wellington Management Co. LLP bought 8,734,584 shares. The Geode Capital Management LLC’s holdings currently number 39,653,637 shares at $5344517194.86. According to the firm’s last 13F report, Northern Trust Investments, Inc. shares in the company at filing stood at 32,345,991 shares, roughly $4,500,621,188.
What are analyst thoughts on The Procter & Gamble Company?
Looking forward to the The Procter & Gamble Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for The Procter & Gamble Company stock at $156.00 within the next 12 months, which represents almost 13.6 per cent growth from its previous closing price of $134.78. The highest analysts’ target for The Procter & Gamble Company stock projections is $168.00 and the lowest one is $130.00. Still, 24 analysts sharing their consensus rating for PG stock in 2021 agree that it is an Overweight.