Procter & Gamble Looks to Kick Off 2022 With Strong Earnings

Procter & Gamble will report fiscal Q2 earnings on January 19

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The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods corporation with operations in approximately 70 countries worldwide. PG specializes in a wide range of personal care and hygienic products as well as food, snacks, and beverages. PG closed its first session of 2022 down 0.4% at $162.90.

On Dec. 22, Procter & Gamble announced that the senior leadership team will host a webcast to discuss PG’s fiscal second quarter of 2022 earnings results on Jan. 19. Wall Street analysts anticipate that the consumer goods company’s earnings will come in at $1.66 per share in the upcoming earnings report.

Procter & Gamble stock has increased about 16% in price year-over-year and PG is up 35% since bottoming at $121.54 in March. In addition, shares of PG are currently down less than 1% from the stock’s record-high of $164.98. Moreover, The Procter & Gamble Company has a forward dividend of $3.48 with a dividend yield of 2.13%.

The equity looks like it could still benefit from a shift in the options pits, too. PG's 50-day call/put volume ratio of 3.07 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 86% of readings from the last year. This means calls have been getting picked up at a faster-than-usual clip of late.

PG currently trades at a high valuation, with a price-earnings ratio of 29.77 and a price-sales ratio of 5.21. Overall, Procter & Gamble stock has the most to offer as a dividend play, with the company’s irreplaceable business model making it one of the safest stocks available in the market.
 

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