Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Procter & Gamble Company    PG

PROCTER & GAMBLE COMPANY (PG)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 06/25 03:26:37 pm
77.275 USD   -0.20%
06/21DOW MOVERS : Intc, vz
AQ
06/21PROCTER & GAMBL : P&G Advances Systemic Change for Gender Equality i..
AQ
06/20MARTIN SORRELL : Sorrell's heir apparent flags need for radical chan..
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Procter & Gamble soars past profit expectations

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/25/2012 | 05:11pm CEST
Boxes of Tide detergent, a Procter & Gamble product, sit on a shelf at a store in Alexandria

(Reuters) - Procter & Gamble Co's (>> The Procter & Gamble Company) profit rose more than expected, indicating that the world's largest household products maker is making progress after coming under pressure from activist investor William Ackman, and its shares soared to the highest level in four years.

(Reuters) - Procter & Gamble Co's (>> The Procter & Gamble Company) profit rose more than expected, indicating that the world's largest household products maker is making progress after coming under pressure from activist investor William Ackman, and its shares soared to the highest level in four years.

Rival Colgate-Palmolive Co (>> Colgate-Palmolive Company), meanwhile, said it plans to cut about 6 percent of its workforce over the next four years as it strives to operate more nimbly as economies slow in many countries. Its quarterly profit matched expectations.

Several consumer goods makers are trimming jobs, including P&G, as concerned consumers hold off on some purchases and growth slows in major markets such as China.

P&G is on track to cut 4,200 jobs by the end of October on its way to eliminating 5,700 jobs by the end of its fiscal year. On Wednesday, Kimberly-Clark Corp (>> Kimberly Clark Corp) said it would eliminate 1,300 to 1,500 jobs as it leaves some low-margin businesses in Europe. Colgate's plans, including moving away from single-country units toward regional hubs, should lead the toothpaste maker to trim about 2,300 jobs by the end of 2016.

Shares of P&G rose 4 percent to $70.83 on Thursday, their highest level since October 2008. Colgate's shares fell 2.9 percent to $103.44.

"It wouldn't surprise me if we're seeing some people saying it is time to sell some Colgate, buy some Procter, given Colgate's outperformance year to date," said JP Morgan analyst John Faucher, who has a "neutral" rating on Colgate and an "overweight" rating on P&G.

Colgate's shares had risen 15 percent this year through Wednesday, while P&G shares were up less than 1 percent.

DIAPER DISRUPTION

P&G is cutting costs and narrowing its focus on key markets, products and countries. The company's goals as well as Chairman and Chief Executive Bob McDonald have been under intense scrutiny after Ackman bought shares this summer.

P&G did not raise its key profit forecast for the fiscal year that began in September, in part because it plans to ramp up marketing support behind new products being introduced later in the year, and because it has to spend more to get an absorbent material for Pampers diapers, its largest brand, following a plant explosion in Japan.

P&G earned $1.06 per share in the fiscal first quarter on a "core" basis, which excludes charges, up from $1.01 per share a year earlier. Analysts, on average, expected it to earn 96 cents per share, according to Thomson Reuters I/B/E/S.

Earnings from continuing operations fell to $2.85 billion, or 96 cents per share, from nearly $3.0 billion, or $1.01 per share, a year earlier.

Ackman, whose Pershing Square Capital Management is P&G's 10th-largest shareholder, has publicly blamed P&G's top brass for high costs and declining revenue while saying that he understands the board wants to give McDonald time to repair years of damage.

P&G is putting a fresh focus on productivity, including adding a new global officer of productivity and organization transformation who will report to McDonald, as well as creating a productivity council of senior managers.

P&G's net sales in the quarter fell 4 percent to $20.74 billion, below analysts' target of $20.78 billion. Organic sales, which strip out the impact of acquisitions, divestitures and foreign exchange, rose 2 percent, at the high end of the company's forecast.

P&G still expects to post core earnings per share of $3.80 to $4 this fiscal year. Analysts' average forecast for the year is $3.91 per share.

For the current second quarter, P&G forecast core earnings of $1.07 to $1.13 per share, with organic sales up 1 percent to 3 percent.

P&G is dealing with the impact of a plant explosion in Japan that supplies a key material for Pampers diapers. Pampers is the company's largest single brand, accounting for more than $10 billion in annual sales.

There was an explosion at a Nippon Shokubai Co (>> NIPPON SHOKUBAI) factory in September that produces a key material for P&G's Pampers diapers. Nippon Shokubai is one of the world's biggest makers of acrylic acid, the main ingredient of a resin called SAP, which is used in diapers.

P&G has found other sources of the material and while any impact to consumers should be "minor," it has to spend more get the supplies it needs, said Chief Financial Officer Jon Moeller.

Kimberly-Clark, which makes Huggies diapers, said on Wednesday that it was not affected by the explosion since Nippon Shokubai was not its supplier.

Colgate earned $1.38 per share, matching analysts' forecasts, while sales fell 1 percent to $4.33 billion.

(Reporting by Jessica Wohl in Chicago; Editing by Jeffrey Benkoe and Maureen Bavdek)

By Jessica Wohl

Stocks mentioned in the article
ChangeLast1st jan.
COLGATE-PALMOLIVE COMPANY 1.80% 64.63 Delayed Quote.-14.34%
KIMBERLY-CLARK 0.83% 100.97 Delayed Quote.-16.32%
NIPPON SHOKUBAI CO., LTD. 0.00% 7880 End-of-day quote.1.68%
PROCTER & GAMBLE COMPANY 1.30% 77.43 Delayed Quote.-15.73%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PROCTER & GAMBLE COMPANY
06/22Turning waste into wealth
AQ
06/22Turning waste into wealth
AQ
06/21PROCTER & GAMBLE : Patent Issued for Reduction in CPC Taste Aversion by Reducing..
AQ
06/21PROCTER & GAMBLE : Findings from Procter & Gamble Provides New Data about Free R..
AQ
06/21DOW MOVERS : Intc, vz
AQ
06/21PROCTER & GAMBLE : P&G Advances Systemic Change for Gender Equality in Advertisi..
AQ
06/21P&G plans new strategy to attract younger consumers
AQ
06/21P&G plans new strategy to attract younger consumers
AQ
06/20PROCTER & GAMBLE CO : Change in Directors or Principal Officers (form 8-K)
AQ
06/20MARTIN SORRELL : Sorrell's heir apparent flags need for radical change at WPP
RE
More news
News from SeekingAlpha
08:00aHow To Retire At 63 With Half A Million In 2018 
06/23Recent Stock Purchase June 2018 
06/21Is PZ Cussons A Buy After The Recent Drop? 
06/216 Deadbeats That Are Hidden Gems 
06/19The Best Way To Retire Early 
Financials ($)
Sales 2018 66 938 M
EBIT 2018 14 584 M
Net income 2018 10 615 M
Debt 2018 28 361 M
Yield 2018 3,64%
P/E ratio 2018 19,91
P/E ratio 2019 17,40
EV / Sales 2018 3,33x
EV / Sales 2019 3,33x
Capitalization 195 B
Chart PROCTER & GAMBLE COMPANY
Duration : Period :
Procter & Gamble Company Technical Analysis Chart | PG | US7427181091 | 4-Traders
Technical analysis trends PROCTER & GAMBLE COMPANY
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 81,3 $
Spread / Average Target 5,0%
EPS Revisions
Managers
NameTitle
David S. Taylor Chairman, President & Chief Executive Officer
Jon R. Moeller Vice Chairman & Chief Financial Officer
Kathleen B. Fish Chief Research, Development & Innovation Officer
Terrence J. Porter Vice President-Global Research & Development
Javier Polit Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
PROCTER & GAMBLE COMPANY-15.73%194 705
UNILEVER NV (ADR)-1.63%160 431
UNILEVER (NL)1.32%160 412
UNILEVER0.19%159 670
RECKITT BENCKISER-8.70%59 157
COLGATE-PALMOLIVE COMPANY-14.34%56 378