P&G Announces First Quarter Earnings
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Jefferies Reiterates Buy on Procter & Gamble (PG) Following 1Q Report
October 26, 2016 8:44 AM EDTJefferies reiterated a Buy rating and $98.00 price target on Procter & Gamble (NYSE: PG) following the company's 1Q earnings report. PG reported revenues of $16.5B, in line with consensus. +3% org sales exceeded Street estimates of +2.4%, driven by a solid +3% volume growth.
Analyst Kevin... More
Procter & Gamble (PG) Tops Q1 EPS by 5c
October 25, 2016 7:09 AM EDTProcter & Gamble (NYSE: PG) reported Q1 EPS of $1.03, $0.05 better than the analyst estimate of $0.98. Revenue for the quarter came in at $16.5 billion versus the consensus estimate of $16.49 billion.
Operating cash flow was $3.0 billion for the quarter. Free cash flow productivity was 85%. The Company repurchased $1 billion of common stock and returned $1.9 billion of cash to shareholders as dividends.
Our first quarter results mark a good start to the fiscal year, said Chairman, President and Chief Executive Officer David Taylor. We delivered broad-based organic sales growth... More
