Brokerages expect Campbell Soup (NYSE:CPB) to report earnings of $0.62 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.60. Campbell Soup posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is scheduled to report its next earnings results on Friday, May 18th.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $3.10 per share for the current year, with EPS estimates ranging from $2.97 to $3.17. For the next fiscal year, analysts forecast that the company will post earnings of $3.21 per share, with EPS estimates ranging from $3.07 to $3.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Campbell Soup.
Campbell Soup (NYSE:CPB) last issued its earnings results on Friday, February 16th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share.
Several research firms have recently weighed in on CPB. Piper Jaffray Companies cut shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $59.00 price objective for the company. in a report on Wednesday, February 28th. Morgan Stanley decreased their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Tuesday, February 20th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $48.00 price objective (down from $50.00) on shares of Campbell Soup in a report on Tuesday, February 20th. Wolfe Research began coverage on shares of Campbell Soup in a report on Friday, January 26th. They set a “market perform” rating for the company. Finally, Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.27.
Campbell Soup (NYSE CPB) traded up $0.27 on Friday, hitting $43.58. 5,682,867 shares of the stock traded hands, compared to its average volume of 3,595,868. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35. Campbell Soup has a 1 year low of $41.78 and a 1 year high of $59.34. The stock has a market capitalization of $13,019.29, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38.
Campbell Soup announced that its Board of Directors has approved a share buyback plan on Monday, December 18th that allows the company to buyback shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In other Campbell Soup news, SVP Carlos Barroso sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $48.86, for a total transaction of $210,098.00. Following the completion of the sale, the senior vice president now directly owns 29,119 shares of the company’s stock, valued at $1,422,754.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the sale, the insider now directly owns 41,506 shares of the company’s stock, valued at $1,998,513.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,284 shares of company stock valued at $741,399. 37.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Partners LLC boosted its position in shares of Campbell Soup by 22.8% in the fourth quarter. Advisor Partners LLC now owns 5,779 shares of the company’s stock worth $274,000 after purchasing an additional 1,074 shares during the period. Retirement Systems of Alabama boosted its position in shares of Campbell Soup by 1.2% in the third quarter. Retirement Systems of Alabama now owns 94,101 shares of the company’s stock worth $4,406,000 after purchasing an additional 1,125 shares during the period. Stifel Financial Corp boosted its position in shares of Campbell Soup by 6.7% in the third quarter. Stifel Financial Corp now owns 17,993 shares of the company’s stock worth $839,000 after purchasing an additional 1,133 shares during the period. CIBC Asset Management Inc boosted its position in shares of Campbell Soup by 3.7% in the third quarter. CIBC Asset Management Inc now owns 33,105 shares of the company’s stock worth $1,550,000 after purchasing an additional 1,173 shares during the period. Finally, First Personal Financial Services boosted its position in shares of Campbell Soup by 44.0% in the fourth quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock worth $186,000 after purchasing an additional 1,179 shares during the period. Institutional investors and hedge funds own 50.21% of the company’s stock.
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Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products. It operates through three segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry; Plum food and snacks; V8 juices and beverages; and Campbell's tomato juices.
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