RTTNews | Apr 20, 2021 07:23AM EDT

07:22 Tuesday, April 20, 2021 (RTTNews.com) - The Procter & Gamble Company (PG) said it continues to expect fiscal 2021 GAAP netearnings per share growth in the range of eight to ten percent from fiscal 2020 GAAP EPS of $4.96. It maintained guidance for core earnings per share growth in the range of eight to ten percent. The company maintained its outlook for fiscal 2021 all-in and organic sales growth in the range of five to six percent.

The Procter & Gamble Company expects to pay more than $8 billion in dividends in fiscal 2021. The company increased its outlook for stock repurchase from up to $10 billion to approximately $11 billion. Combined, the company now plans to return about $19 billion of cash to shareowners in fiscal 2021.

Third quarter net earnings per share were $1.26, an increase of 13% from prior year reported EPS and eight percent from prior year core EPS. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.19, for the quarter. Analysts' estimates typically exclude special items.

Third quarter net sales were $18.1 billion, an increase of five percent. Organic sales increased four percent. Analysts expected revenue of $17.9 billion, for the quarter.

Read the original article on RTTNews ( https://www.rttnews.com/3186347/procter-gamble-maintains-2021-outlook-to-pay-more-than-8-bln-in-dividends.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved