Church & Dwight Co., Inc. (NYSE:CHD) – Investment analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for shares of Church & Dwight in a note issued to investors on Monday. SunTrust Banks analyst W. Chappell now expects that the company will earn $2.49 per share for the year, up from their prior forecast of $2.10.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday. Jefferies Group reiterated a “buy” rating and issued a $62.00 target price on shares of Church & Dwight in a research note on Thursday, January 4th. Wells Fargo & Co lifted their target price on shares of Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Deutsche Bank began coverage on shares of Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 target price for the company. Finally, Societe Generale upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Church & Dwight has a consensus rating of “Hold” and an average price target of $50.70.
Church & Dwight (CHD) traded down $0.42 during trading hours on Wednesday, hitting $49.37. 1,666,434 shares of the stock were exchanged, compared to its average volume of 1,931,629. Church & Dwight has a 52 week low of $43.21 and a 52 week high of $54.18. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12,340.00, a PE ratio of 28.37, a P/E/G ratio of 2.70 and a beta of 0.56.
Church & Dwight announced that its board has approved a share repurchase program on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In related news, CFO Richard A. Dierker acquired 1,146 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the transaction, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $43.83 per share, with a total value of $219,150.00. Following the transaction, the chief executive officer now directly owns 103,685 shares in the company, valued at $4,544,513.55. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CHD. Federated Investors Inc. PA raised its position in Church & Dwight by 45.2% in the 2nd quarter. Federated Investors Inc. PA now owns 9,683 shares of the company’s stock worth $502,000 after purchasing an additional 3,014 shares during the last quarter. Pacer Advisors Inc. raised its position in Church & Dwight by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 5,302 shares of the company’s stock worth $275,000 after purchasing an additional 406 shares during the last quarter. Principal Financial Group Inc. raised its position in Church & Dwight by 11.4% in the 2nd quarter. Principal Financial Group Inc. now owns 440,905 shares of the company’s stock worth $22,874,000 after purchasing an additional 45,203 shares during the last quarter. Chicago Equity Partners LLC bought a new position in Church & Dwight in the 2nd quarter worth approximately $346,000. Finally, JPMorgan Chase & Co. raised its position in Church & Dwight by 24.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 400,692 shares of the company’s stock worth $20,787,000 after purchasing an additional 79,918 shares during the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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