Procter & Gamble: tightens up EPS target range

(CercleFinance.com) - Procter & Gamble has raised its adjusted EPS target range for 2017-18, now expecting growth of between 6% and 8% (against 5%-8% previously), for expected organic sales growth towards the bottom of its target range of 2% to 3%.


In its third accounting quarter, the consumer goods giant saw its adjusted EPS increase by 4% to exactly one dollar, for revenues of 16.3 billion dollars, up 4% as reported and up 1% in organic terms.

In addition, Procter & Gamble has announced an agreement with Merck KGaA to buy back its consumer health business for approximately 3.4 billion euros, a deal that is set to close by the end of Q4 2018.


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