Wall Street analysts predict that Campbell Soup Company (NYSE:CPB) will announce sales of $2.18 billion for the current quarter, according to Zacks. Four analysts have made estimates for Campbell Soup’s earnings, with estimates ranging from $2.16 billion to $2.20 billion. Campbell Soup reported sales of $2.20 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, November 21st.
According to Zacks, analysts expect that Campbell Soup will report full year sales of $2.18 billion for the current fiscal year, with estimates ranging from $7.81 billion to $8.07 billion. For the next year, analysts forecast that the company will report sales of $8.06 billion per share, with estimates ranging from $7.89 billion to $8.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share.
CPB has been the topic of a number of research reports. Credit Suisse Group set a $47.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Sunday, July 23rd. Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada reduced their target price on shares of Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $51.00 target price (down from $58.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.55.
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Shares of Campbell Soup (NYSE CPB) traded up $1.39 during trading hours on Friday, hitting $49.72. 4,100,000 shares of the stock were exchanged, compared to its average volume of 2,583,098. The stock has a market capitalization of $14,942.28, a price-to-earnings ratio of 16.46, a PEG ratio of 3.65 and a beta of 0.38. Campbell Soup has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s payout ratio is 48.44%.
In other news, insider Luca Mignini bought 4,300 shares of the stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the purchase, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. Company insiders own 37.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Motco boosted its stake in Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after acquiring an additional 1,600 shares in the last quarter. First Personal Financial Services boosted its stake in Campbell Soup by 180.9% in the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Campbell Soup in the third quarter valued at approximately $175,000. Mercer Capital Advisers Inc. boosted its stake in Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after acquiring an additional 405 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Campbell Soup by 6.1% in the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 47.08% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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