Procter & Gamble Co. (NYSE: PG) is scheduled to release its fourth-quarter earnings report before the markets open on Wednesday. The consensus estimates from Thomson Reuters are calling for $1.21 in earnings per share (EPS) and $17.14 billion in revenue. The same period of last year reportedly had $1.19 in EPS and $17.39 billion in revenue.
This stock offers a very solid dividend and safety, so it is a solid consumer staples stock for conservative investors to consider. The company sells lots of very well-known household items that are essential for everyday life. Brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.
The company is innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors with years of steady growth and dividends.
This company had floundered due to international issues and competitive issues, but with a reboot happening in its portfolio and with the stock market favoring defensive names, its shares were back to flat in 2018.
Overall, Procter & Gamble has underperformed the broad markets so far in 2019, with its stock down 0.5%. However, over the past 52 weeks, the stock is actually up just over 1%.
A few analysts weighed in on Procter & Gamble ahead of the report:
- Evercore ISI has an Outperform rating and a $105 price target.
- Merrill Lynch has a Buy rating with a $108 price target.
- Barclays has a Hold rating with an $89 price target.
- Morgan Stanley has an Overweight rating with a $106 target.
- Citigroup has a Buy rating with a $104 price target.
Shares of Procter & Gamble were last seen at $91.42, with a 52-week range of $70.73 to $96.90. The stock has a consensus analyst price target of $92.98.
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