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Tuesday, July 30, 2019

-=Procter & Gamble (PG) reported earnings on Tue 30 July 2019 (b/o)

  • Fri 7/26 : #44; vol. 5.5M

Procter & Gamble beats by $0.05, beats on revs; guides FY20 in-line 

  • Reports Q4 (Jun) earnings of $1.10 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $1.05; revenues rose 3.6% year/year to $17.09 bln vs the $16.86 bln S&P Capital IQ Consensus.
  • Fiscal Year 2020 Guidance: Expects fiscal year 2020 all-in sales growth in the range of three to four percent versus the prior fiscal year ($69.73-70.4 bln vs. $69.78 bln S&P Capital IQ Consensus). The estimate includes a modest negative impact from foreign exchange, which is largely offset by a positive net impact from acquisitions and divestitures. P&G expects organic sales growth in the range of three to four percent. Core earnings per share are expected to increase four to nine percent (mid-to-high single digits) versus fiscal 2019 Core EPS of $4.52 (~4.70-4.93, excluding non-recurring items, vs. $4.74 S&P Capital IQ Consensus) . P&G said its current outlook for commodities, foreign exchange, transportation and tariffs is expected to provide a modest net benefit to earnings growth in fiscal year 2020. P&G expects adjusted free cash flow productivity of 90% for the fiscal year. Capital spending is estimated to be in the range of 4.5% to 5% of net sales. P&G estimates it will pay more than $7.5 billion in dividends and repurchase $6 billion to $8 billion of common shares in fiscal 2020.
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