Procter & Gamble Co. (NYSE:PG) shares, rose in value on Friday, March 15, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $160.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $161.50. The value of beta (5-year monthly) is 0.43 whereas the PE ratio is 26.93 over 12-month period. Referring to stock’s 52-week performance, its high was $162.73, and the low was $138.81. On the whole, PG has fluctuated by 3.31% over the past month.
With the market capitalization of Procter & Gamble Co. currently standing at about $378.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 18, 2024. The company’s Forward Dividend Ratio is 3.76, with its dividend yield at 2.34%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.41, which is expected to increase to $1.42 for fiscal year $6.46 and then to about $6.96 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.50% in 2025, while the next year’s EPS growth is forecast to be 7.70%.
Analysts have estimated the company’s revenue for the quarter at $20.44 billion, with a low estimate of $20.29 billion and a high estimate of $20.67 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $84.76 billion, representing an increase of 3.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.34, with the price of PG currently trading nearly 0.52% and 3.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.41, while the 7-day volatility ratio is showing 1.12% which for the 30-day chart, stands at 0.98%. Furthermore, Procter & Gamble Co. (PG)’s beta value is 0.43, and its average true range (ATR) is 1.72.
A comparison of Procter & Gamble Co. (PG) with its peers suggests the former has fared considerably weaker in the market. PG showed an intraday change of -0.45% in today’s session so far, and over the past year, it grew by 13.36%%.
Data on historical trading for Procter & Gamble Co. (NYSE:PG) indicates that the trading volumes over the past 10 days have averaged 4.91 million and over the past 3 months, they’ve averaged 6.88 million. According to company’s latest data on outstanding shares, there are 2.36 billion shares outstanding.
Nearly 0.06% of Procter & Gamble Co.’s shares belong to company insiders and institutional investors own 67.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.9 million shares as on Feb 29, 2024, resulting in a short ratio of 2.74. According to the data, the short interest in Procter & Gamble Co. (PG) stood at 0.76% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 16.12 million. The stock has risen by 9.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PG stock heading into the next quarter.
