Procter & Gamble (NYSE:PG) reported that it anticipates revised earnings to be in range of 75 cents and 79 cents per share, lower from its earlier estimate of 79 cents to 85 cents. It hopes sales to decline 1% to 2% in contrast with its prior forecast of a 1% to 2% hike.
P&G stock traded down over 2% in early hours of trading session on Wednesday.
While the firm has witnessed halted development in North America, P&G reported that it was also affected by foreign exchange rates. The firm reassured its restructuring proposal, which would result in jobs hedging of almost 5,700 jobs till the end of fiscal 2013. The proposal would let P&G to secure $10 billion by the conclusion of fiscal 2016.
Its competitors include Johnson & Johnson (NYSE:JNJ) that surged 0.07% to $66.77 with the total traded volume of 4.81 million shares and Kimberly Clark Corp (NYSE:KMB) that dropped -1.71% to $81.79 with the total traded volume of 1.07 million shares.
Other consumer goods stocks with bullish trend include Ford Motor Company (NYSE:F) up 1.33% to $10.70, Tesla Motors Inc (NASDAQ:TSLA) up 4.71% to $33.60 and Star Scientific, Inc. (NASDAQ:CIGX) up 3.64% to $4.84, whereas with bearish trend include Archer Daniels Midland Company (NYSE:ADM) down -2.35% to $29.44, General Motors Company (NYSE:GM) down -0.41% to $21.65 and PepsiCo, Inc. (NYSE:PEP) down -0.59% to $68.90.
The Procter & Gamble Company (NYSE:PG) after opening at $60.89 hit high price of $60.89 and then trading at $60.15 by plunging -3.31% at 10:59AM EDT and on current session volume of 16.22 million shares is surprisingly higher than its average volume of 9.98 million shares.
The stock price volatility was 1.28% for a week and 1.14% for a month as well as price volatility’s Average True Range for 14 days was 0.75 and its beta remained 0.44.
The liquidity measure in recent quarter results of the company was recorded 0.86 as current ratio and on the other side the debt to equity ratio was 0.51 and long-term debt to equity ratio also remained 0.33. The Company had total cash at hand $3.99 billion and a book value per share as $23.38 in the most recent quarter.
PG generated revenue of 84.33 billion in the following twelve months and earned $9.26 billion. The Company showed a positive 11.40% in the net profit margin and as well as in its operating margin which remained 16.03%. Company’s annual sales growth for the past five year was 5.09%.
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