124.30 -0.84 (-0.67%)
Pre-market: 7:54AM EST
|Bid||124.18 x 900|
|Ask||124.40 x 800|
|Day's range||124.77 - 126.79|
|52-week range||92.97 - 127.00|
|Beta (5Y monthly)||0.38|
|PE ratio (TTM)||79.20|
|Earnings date||20 Apr 2020 - 26 Apr 2020|
|Forward dividend & yield||2.98 (2.39%)|
|Ex-dividend date||22 Jan 2020|
|1y target est||130.20|
Quarterly earnings results from Comcast, Southwest, American Airlines, and more. And a look at why Pure Storage, Inc. (PSTG) is a Zacks Rank 1 (Strong Buy) stock right now, as it trades under $20 a share...
Procter & Gamble's (PG) bottom line beats estimates in second-quarter fiscal 2020, while sales miss. Adjusted free cash flow productivity increases to 100%.
The ECB today has decided to keep its deposit rate of -0.5% and refinance operations of 0.0% unchanged, in order to further coerce inflation to track with analysts' target.
Tyson Foods (TSN) is focused on enhancing portfolio to capitalize on the rising demand for protein-packed products. However, rising input costs are a concern.
P&G (PG) delivered earnings and revenue surprises of 3.65% and -0.54%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal year 2020 net sales of $18.2 billion, an increase of five percent versus the prior year. Excluding the net impacts of foreign exchange, acquisitions and divestitures, organic sales also increased five percent. Diluted net earnings per share were $1.41, up 16% versus the prior year. Core earnings per share increased 14% to $1.42. Currency-neutral core EPS increased 15% versus the prior year.
Procter & Gamble extended its run of improved profitability and raised its outlook for the full year on Thursday, announcing core earnings per share for the second quarter of its fiscal year around 3.5% ahead of expectations, even though revenue growth fell short of forecasts. Organic sales, adjusted for foreign exchange swings, rose 5% on the year, with an 8% rise in beauty products and a 7% rise in health care products leading the way. Core operating margins, another key metric for the consumer products giant, rose 1.9% percentage point from a year earlier, adjusted for foreign exchange factors.
Procter & Gamble’s long-struggling personal grooming business has eked out higher quarterly revenues despite men shaving less, although weaker nappy sales prevented the household products group from staging a stronger recovery. As well as men’s continued reluctance to shave every day, competition from the likes of Dollar Shave Club has also hurt the grooming division. P&G took a $8bn writedown at Gillette last year.
Earnings season is in full swing and several heavyweights are gearing up to report results Thursday including consumer staples giant Procter & Gamble and chipmaker Intel.
(Bloomberg) -- U.S. stocks edged higher in volatile trading as investors considered the potential for a virus that emerged in China to eventually dent economic growth. Oil tumbled on concern the market is oversupplied.The S&P 500 Index ended the day up less than 0.1%, lifted by gains in technology shares and positive earnings reports but held back by concern that the deadly respiratory illness could spread, even as China moved to contain the outbreak. IBM rose the most in four months after revenue beat estimates. Tesla Inc.’s market value soared past $100 billion.With stocks trading near records, investors are on alert for any developments that could derail the momentum. They have taken a cautious stance amid concern the coronavirus that has already killed 17 people could turn into a global pandemic.“The fear is that it could hurt growth, that this could continue to have an impact on global markets that are already reeling from the impacts of trade,” said Matt Forester, chief investment officer at BNY Mellon’s Lockwood Advisors.Elsewhere, the Stoxx Europe 600 Index dipped as Italian banks slumped amid a fresh bout of political turmoil.West Texas oil fell below $58 a barrel as ample global supplies offset the loss of exports from Libya. The pound strengthened after Prime Minister Boris Johnson’s Brexit deal cleared its final hurdles in Parliament.Here are some events to watch out for this week:Companies including Texas Instruments Inc., Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksThe S&P 500 Index rose less than 0.1% at the close of trade in New York.The Stoxx Europe 600 Index fell 0.1%.The MSCI Asia Pacific Index added 0.6%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The British pound jumped 0.6% to $1.3134.The euro rose 0.1% to $1.109.The Japanese yen was little changed at 109.87 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1.77%.Germany’s 10-year yield dipped one basis point to -0.26%.Britain’s 10-year yield was little changed at 0.63%.CommoditiesWest Texas Intermediate crude dropped 2.9% to $56.67 a barrel.Gold was little changed at $1,558.55 an ounce.\--With assistance from Christopher Anstey, Andrew Janes, Adam Haigh, Todd White, Robert Brand, Sheela Tobben, Vildana Hajric and Sarah Ponczek.To contact the reporter on this story: Claire Ballentine in New York at email@example.comTo contact the editors responsible for this story: Sam Potter at firstname.lastname@example.org, ;Jeremy Herron at email@example.com, Brendan WalshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Procter & Gamble (PG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Hershey's (HSY) fourth-quarter 2019 results are likely to reflect gains from innovation and acquisitions. However, volatile currency movements are concerning.
Benefits from strong brands in the snacking category and strategic buyouts are likely to get reflected in Mondelez's (MDLZ) Q4 performance. However, high costs and adverse currency rates are concerns.
Continued focus on expanding customer base and production facility along with solid demand is likely to have aided Beyond Meat's (BYND) performance in fourth-quarter 2019.
(Bloomberg) -- Want the lowdown on what's moving European markets in your inbox every morning? Sign up here.Good morning. The new China virus has been confirmed in the U.S., Italy’s Five Star Movement may be in trouble and Netflix says it’s ready to take on all that new streaming competition. Here’s what’s moving markets.China VirusWith the death toll now at nine and the first confirmed case in the U.S., China will start nationwide screening to tackle the growing outbreak of the new respiratory virus as hundreds of millions are set to travel during the Lunar New Year holiday. The World Health Organization is set to declare later whether it’s an international public health emergency. So far, China said it hasn’t seen any evidence of so-called super spreaders — people who pass the disease on rapidly to others. As Asian stocks edge higher after a sell-off yesterday, here’s more on how other health scares have had a “ sharp and short-lived” impact on markets and how airlines and airports are dealing with the virus.Italian ElectionsItaly’s Luigi Di Maio is reportedly about to resign from his role as leader of the anti-establishment Five Star Movement ahead of the group’s likely defeat in regional elections Sunday. The move would weigh on Prime Minister Giuseppe Conte’s fragile coalition, already plagued by constant skirmishes over issues from taxes to judicial reform, and the party’s convulsions are a sign that the chances of a snap election in Italy this year are rising. Di Maio summoned the party’s ministers to a meeting this morning, according to La Repubblica, so watch for more developments as the day progresses.Netflix NumbersThe streaming company may be facing its toughest year in history in terms of competition, but Netflix says it’s ready. Its shares rose as much as 4.3% in late trading after Netflix reported results that were generally upbeat as international clients helped offset a slowdown in the U.S., and pledged a 20% boost to spending this year. And it’s a huge week for U.S. earnings in general, with IBM reporting revenue that topped estimates on Tuesday and Intel Corp. and Procter & Gamble Co. reporting Thursday. European earnings are also getting under way, with strategists wondering if this will be the year companies finally deliver profit growth.Davos CheerHe railed against the climate change “prophets of doom,” but U.S. President Donald Trump also struck a surprisingly sunny tone on European trade deals from Davos, suggesting he’s keen to work with the U.K.’s “wonderful new prime minister,” to negotiate a “tremendous new deal.” He also claimed everyone wants to make an EU-U.S. deal and that there won’t be any problem requiring auto tariffs “if they’re fair.” Today at Davos, European Commission President Ursula von der Leyen will give a special address. For more on what’s happening in the Swiss Alps this week, subscribe to the Davos Diary.Coming Up...Asian stocks recovered a fraction of Tuesday’s sell-off and European and U.S. futures followed suit. We’ll see where stocks go today after Germany’s DAX Index finally managed to pass a closing record Tuesday — though didn’t sustain that level through the end of trading. In European earnings today, we’ll get a peak at European luxury-goods makers as Burberry Group Plc posts fiscal third-quarter numbers. WH Smith Plc and French catering company Elior Group are among others also set to report.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours. Saudi crown prince hacked Bezos’s phone, analysis suggests. Tesla hits $100 billion mark Musk needs for payout. New low-cost iPhone set to enter mass production. This hedge fund is now a climate radical. Are Davos plumbers Russian spies? The winemakers waiting for climate change. Phoney pack: is this the answer to kids’ anxiety?Like Bloomberg's Five Things? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close.Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more.To contact the author of this story: Celeste Perri in Amsterdam at firstname.lastname@example.orgTo contact the editor responsible for this story: Phil Serafino at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Coca-Cola's (KO) fourth-quarter 2019 results are likely to reflect benefits from its innovation efforts, product investments, strength across regions, and robust price/mix and volume.
McCormick's (MKC) fourth-quarter fiscal 2019 results are likely to reflect gains from innovation and savings from the CCI program. However, volatile currency movements are concerning.