Stock Update: The Procter & Gamble Company (NYSE:PG) – P&G and Hello Products Agree to a Stipulated Preliminary Injunction

The Procter & Gamble Company (NYSE:PG) [Business Wire] – On March 11, 2014, a company called Hello Products and The Procter & Gamble Company entered into a Stipulated Preliminary Injunction in a federal lawsuit currently pending in the Southern District of New York.
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The Procter & Gamble Company (PG), with a current value of $216.18B, started trading this morning at $79.68.
 
Looking at today’s trading action, the company’s one day range from $79.50 to $79.86 and has traded between $73.61 and $85.82 over the past year.
 
Procter & Gamble (PG) shares are currently priced at 18.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.90x earnings multiple for the same period.
 
The company pays shareholders $2.41 per share annually in dividends, yielding 3.00%.
 
In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $1.02 per share, which would be $0.03 better than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $4.22 which would be a $0.17 improvement than last year’s full-year earnings.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.73 Billion. If reported, that would be a 0.63% increase over the year-ago quarter.
 
Recently, UBS Initiated PG at Neutral (Mar 4, 2014). Previously, Standpoint Research upgraded PG from Sell to Hold.
 
The average price target for PG shares is $86.95, which is 9.12% above where the stock opened this morning.
 
Summary (NYSE:PG) :  The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. The Beauty segment offers antiperspirants and deodorants, cosmetics, personal cleansing, skin care, hair care, hair colors, prestige products, and professional salon products under the Head & Shoulders, Olay, Pantene, SK-II, and Wella brand names. The Grooming segment provides blades and razors, pre- and post-shave products, and electronic hair removal devices under the Braun, Fusion, Gillette, Mach3, and Prestobarba brand names. The Health Care segment offers feminine care and incontinence products; toothbrush, toothpaste, and other oral care products; and gastrointestinal, rapid diagnostics, respiratory, vitamins/minerals/supplements, and other personal health care products. This segment markets its products under the Always, Crest, Oral-B, and Vicks brand names. The Fabric Care and Home Care segment provides bleach and laundry additives, fabric enhancers, and laundry detergents; air care, dish care, and surface care products; batteries; pet care products; and professional products. This segment sells its products under the Ace, Ariel, Dawn, Downy, Duracell, Febreze, Gain, Iams, and Tide brand names. The Baby Care and Family Care segment offers baby wipes, diapers, pants, paper towels, tissues, and toilet papers under the Bounty, Charmin, and Pampers brand names. The company markets its products through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons, high-frequency stores, and e-commerce in approximately 180 countries worldwide. The Procter & Gamble Company was founded in 1837 and is based in Cincinnati, Ohio.
 
Tag Helper ~ Stock Code: PG | Common Company name: Procter & Gamble | Full Company name: The Procter & Gamble Company (NYSE:PG) .


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