P&G Announces Fourth Quarter and Fiscal Year 2016 Results

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Procter & Gamble (PG) Bullish View Reiterated at Jefferies Posts Q4

August 3, 2016 8:43 AM EDT

Jefferies analyst Kevin Grundy reiterated a Buy rating and $98 price target on Procter & Gamble (NYSE: PG) following Q4 results.

Grundy commented, "P&G's 4Q showed further progress with better than expected org sales (2% vs. Street 1.4%) driving strong EPS upside ($0.79 vs. $0.74). Macros remain... More

Procter & Gamble (PG) Tops Q4 EPS by 5c

August 2, 2016 7:02 AM EDT

Procter & Gamble (NYSE: PG) reported Q4 EPS of $0.79, $0.05 better than the analyst estimate of $0.74. Revenue for the quarter came in at $16.1 billion versus the consensus estimate of $15.83 billion.

Beauty segment organic sales grew one percent versus the prior year driven by pricing benefits and higher organic volume. Organic sales increased in Skin and Personal Care driven by growth of the super-premium SK-II skin care brand, partially offset by lower sales of Olay. Hair Care... More