Church & Dwight Co., Inc. (NYSE:CHD) – Analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for shares of Church & Dwight in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $2.49 for the year, up from their prior estimate of $2.10.
Several other equities analysts have also issued reports on the company. Deutsche Bank started coverage on Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price target on the stock. Zacks Investment Research raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley dropped their price target on Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, November 3rd. Barclays dropped their price target on Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 7th. Finally, BMO Capital Markets dropped their price target on Church & Dwight from $50.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, November 6th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.00.
Church & Dwight (CHD) opened at $46.33 on Wednesday. Church & Dwight has a 12 month low of $43.21 and a 12 month 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 stock has a market capitalization of $12,118.88, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.52 and a beta of 0.45.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The business had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis.
Church & Dwight announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other news, CEO Matthew Farrell bought 5,000 shares of the stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $43.83 per share, with a total value of $219,150.00. Following the completion of the transaction, the chief executive officer now directly owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Dierker purchased 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $43.66 per share, with a total value of $50,034.36. Following the acquisition, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after buying an additional 345,265 shares in the last quarter. Bessemer Group Inc. grew its holdings in Church & Dwight by 0.8% during the third quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock worth $235,117,000 after buying an additional 38,507 shares in the last quarter. American Century Companies Inc. grew its holdings in Church & Dwight by 28.2% during the third quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock worth $93,169,000 after buying an additional 423,267 shares in the last quarter. APG Asset Management N.V. grew its holdings in Church & Dwight by 13.1% during the third quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock worth $87,003,000 after buying an additional 207,400 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Church & Dwight by 158.9% during the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after buying an additional 1,099,670 shares in the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.
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Church & Dwight Company Profile
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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