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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Reckitt Benckiser Group plc    RB.   GB00B24CGK77

RECKITT BENCKISER GROUP PLC

(RB.)
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P&G hikes sales and earnings forecasts

10/20/2020 | 12:29pm EST

People stuck at home are still on a cleaning spree, and the resulting surge in demand for hygienic products drove Procter & Gamble to raise its annual sales and earnings forecasts Tuesday. It now sees full-year sales rising 3% to 4% instead of 1% to 3%. And it sees earnings per share rising 5% to 8%.

Quarterly sales of home care products like Mr Clean rose by double-digits in every region. Sales of what the company calls "personal cleansing" items grew 30%. Sales of appliances such as Braun grooming products also shot up 30%. Altogether, net sales at the maker of Gillette, Crest and other consumer products increased 9%. Net earnings jumped 20%.

The story is similar across the pond. Earlier Tuesday, its British rival Reckitt Benckiser, lifted its sales forecast after seeing strong demand for cleaning products like Lysol and Dettol.

P&G said it would buy back more shares. Investors went shopping for P&G stock, which rose more than 2% at the market open Tuesday. The shares have jumped 14% this year.


© Reuters 2020
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Financials
Sales 2020 13 996 M 18 656 M 18 656 M
Net income 2020 2 180 M 2 906 M 2 906 M
Net Debt 2020 10 078 M 13 434 M 13 434 M
P/E ratio 2020 21,3x
Yield 2020 2,65%
Capitalization 46 984 M 62 640 M 62 629 M
EV / Sales 2020 4,08x
EV / Sales 2021 4,06x
Nbr of Employees 37 756
Free-Float 96,1%
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Technical analysis trends RECKITT BENCKISER GROUP PLC
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 8 079,62 GBX
Last Close Price 6 602,00 GBX
Spread / Highest target 45,4%
Spread / Average Target 22,4%
Spread / Lowest Target -11,5%
EPS Revisions
Managers
NameTitle
Laxman Narasimhan Group Chief Executive Officer & Executive Director
Christopher A. Sinclair Chairman
Aditya Sehgal Chief Operating Officer-Health
Jeff Carr Chief Financial Officer & Executive Director
Nicandro Durante Senior Independent Director
Sector and Competitors
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