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Last $68.76 USD
Change Today -1.17 / -1.67%
Volume 11.5M
PG On Other Exchanges
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As of 6:40 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

procter & gamble co/the (PG) Key Developments

Procter & Gamble Partners with Cleveland Clinic & Cleveland HeartLab to Develop Heart Disease Biomarker

The Procter & Gamble Company announced that it is collaborating with Cleveland Clinic and Cleveland HeartLab to develop and commercialize a diagnostic and management solution for a recently-discovered heart disease biomarker. As part of the partnership, Cleveland HeartLab will develop a diagnostic test to measure blood levels of TMAO, while Cleveland Clinic will work with Procter & Gamble to develop an over-the-counter product that could help people manage their TMAO levels.

Procter & Gamble Co Faces New Tide Pods Lawsuit

Procter & Gamble Co. is facing a class-action lawsuit in federal court over allegations that its Tide Pods can stain light-colored laundry. The suit claims P&G could be liable for more than $5 million in damages related to Tide Pods, which it began selling in the United States in 2012. The suit, which includes claims that P&G engaged in deceptive trade practices and breached implied warranties, was filed on behalf of Lisa Guariglia, Micheline Byrne and Michele Emanuele. A jury trial was requested. Guariglia, a resident of Islip, N.Y., estimated that Tide Pods ruined at least $200 worth of her laundry, including towels, sheets and clothing. She couldn't remove the blue/purple stains, which she claimed appeared after she began using Tide Pods, the suit states. The stains wouldn't even come out when she rewashed laundry with other detergent and pretreated the items with Shout stain remover, which is made by P&G competitor S.C. Johnson & Son. The suite noted that P&G had launched Tide Pods with a $150 million marketing campaign that touted the brand as multi-dimensional laundry detergent that features three chambers especially designed to brighten, fight stains and clean.

P&G's Pampers Introduces New and Improved Pampers Cruisers Diapers with Extra Absorb Channels

The Procter & Gamble Company's Pampers announced its new and improved Pampers Cruisers diapers with Extra Absorb Channels that help little ones stay drier and do not sag like ordinary diapers. While a poor fitting or saggy diaper can limit babies' freedom of movement, new Pampers Cruisers have three absorbent channels in the core of the diaper that distribute wetness evenly and help prevent diaper sag, so babies can go from sag to swag.

Procter & Gamble Mulls Acquisitions

The Procter & Gamble Company (NYSE:PG) is looking for acquisitions. A.G. Lafley, Chief Excutive Officer of Procter & Gamble said "If it's not working, we'll change. We will make acquisitions in a year or two ahead. We will probably have another divestiture or two in the year ahead. But we'll change. If we can't compete in a business after 20 years, after five years, after 10 years, we'll get out of the business.

The Procter & Gamble Company Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015; Provides Earnings Guidance for the Fiscal Year 2016

The Procter & Gamble Company announced consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, the company reported net sales of $17,790 million against $19,596 million a year ago. Operating income was $930 million against $3,162 million a year ago. Earnings from continuing operations before income taxes were $1,269 million against $3,149 million a year ago. Net earnings from continuing operations were $640 million or $0.22 diluted per share against $2,556 million or $0.87 diluted per share a year ago. Net earnings attributable to company were $521 million or $0.18 diluted per share against $2,579 million or $0.89 diluted per share a year ago. Core EPS was $1.00 against $0.93 a year ago. Net sales decreased 9% versus the prior year period driven by a negative 9% point impact from foreign exchange. Non-GAAP operating income was $3,223 million against $3,361 million a year ago. Non-GAAP diluted net EPS from continuing operations was $1.00 against $0.93 a year ago. For the year, the company reported net sales of $76,279 million against $80,510 million a year ago. Operating income was $11,790 million against $14,740 million a year ago. Earnings from continuing operations before income taxes were $11,846 million against $14,337 million a year ago. Net earnings from continuing operations were $8,930 million or $3.06 diluted per share against $11,318 million or $3.86 diluted per share a year ago. Net earnings attributable to company were $7,036 million or $2.44 diluted per share against $11,643 million or $4.01 diluted per share a year ago. Total cash flow from operating activities was $14,608 million against $13,958 million a year ago. Capital expenditures were $3,736 million against $3,848 million a year ago. Core EPS was $4.02 against $4.09 a year ago. This excludes losses from discontinued operations driven by non-cash impairment charges related to the batteries business, the Venezuela charge, non-core restructuring charges, charges for European legal matters and balance sheet devaluation charges resulting from foreign exchange policy changes in Venezuela prior to the change in accounting. Adjusted net earnings were $4,187 million. Net sales were $76.3 billion, a decrease of 5% versus the prior year, including a negative 6% point impact from foreign exchange. The company provided earnings guidance for the fiscal year 2016. For the year, the company expects diluted EPS growth in the range of 53% to 63% and non-core items in the range of 48% to 64%. The company said it expects fiscal year 2015 core EPS, which is based on earnings from continuing operations, to be restated from the $4.02 level reported above to approximately $3.77 per share. Strong operating profit growth is expected to be largely offset by a 6% to 7% point core EPS growth headwind from lower non-operating income and a higher core effective tax rate. The company noted that foreign exchange is estimated to be a 35 to 4% negative impact on core EPS growth, with the vast majority of this impact affecting the first-half of fiscal 2016.

 

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PG

Industry Average

Valuation PG Industry Range
Price/Earnings 23.5x
Price/Sales 2.8x
Price/Book 3.1x
Price/Cash Flow 27.0x
TEV/Sales 1.9x
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