Wall Street brokerages expect Church & Dwight Co., Inc. (NYSE:CHD) to report $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Church & Dwight’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.46. Church & Dwight posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The firm is expected to report its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Church & Dwight will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.28. For the next fiscal year, analysts expect that the company will post earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Church & Dwight.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 3rd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Church & Dwight had a net margin of 19.71% and a return on equity of 25.47%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $977.94 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year.
A number of equities research analysts have recently commented on CHD shares. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of Church & Dwight in a report on Sunday, June 10th. Deutsche Bank cut shares of Church & Dwight from a “buy” rating to a “hold” rating and increased their price target for the company from $48.00 to $54.00 in a report on Friday, April 20th. ValuEngine upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Macquarie upgraded shares of Church & Dwight from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $55.00 in a report on Monday, May 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.
In related news, CEO Matthew Farrell sold 19,864 shares of the stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $50.66, for a total transaction of $1,006,310.24. Following the transaction, the chief executive officer now owns 104,070 shares in the company, valued at $5,272,186.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Judy A. Zagorski purchased 600 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was acquired at an average price of $47.49 per share, for a total transaction of $28,494.00. Following the completion of the transaction, the vice president now directly owns 600 shares of the company’s stock, valued at approximately $28,494. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 72,250 shares of company stock worth $3,551,913. 2.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Church & Dwight by 1.5% in the fourth quarter. BlackRock Inc. now owns 19,423,114 shares of the company’s stock worth $974,457,000 after acquiring an additional 293,353 shares during the period. Geode Capital Management LLC raised its position in Church & Dwight by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 2,944,834 shares of the company’s stock worth $147,468,000 after acquiring an additional 61,161 shares during the period. Wells Fargo & Company MN raised its position in Church & Dwight by 5.3% in the first quarter. Wells Fargo & Company MN now owns 2,364,718 shares of the company’s stock worth $119,087,000 after acquiring an additional 119,421 shares during the period. American Century Companies Inc. raised its position in Church & Dwight by 11.4% in the first quarter. American Century Companies Inc. now owns 2,132,530 shares of the company’s stock worth $107,394,000 after acquiring an additional 218,040 shares during the period. Finally, Glenmede Trust Co. NA raised its position in Church & Dwight by 1.3% in the fourth quarter. Glenmede Trust Co. NA now owns 1,299,894 shares of the company’s stock worth $65,214,000 after acquiring an additional 16,241 shares during the period. Institutional investors and hedge funds own 80.65% of the company’s stock.
NYSE:CHD opened at $50.63 on Friday. Church & Dwight has a 52 week low of $43.21 and a 52 week high of $54.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.43 and a current ratio of 0.72. The company has a market cap of $12.39 billion, a PE ratio of 26.10, a PEG ratio of 2.23 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 15th were given a dividend of $0.2175 per share. The ex-dividend date was Monday, May 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.72%. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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