Church & Dwight Co., Inc. (NYSE:CHD) – Investment analysts at William Blair raised their FY2018 earnings per share (EPS) estimates for shares of Church & Dwight in a research report issued to clients and investors on Thursday, November 1st. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $2.27 for the year, up from their previous estimate of $2.26. William Blair also issued estimates for Church & Dwight’s Q4 2018 earnings at $0.57 EPS and FY2019 earnings at $2.45 EPS.
Several other research analysts also recently weighed in on CHD. Bank of America increased their price target on shares of Church & Dwight from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. UBS Group began coverage on shares of Church & Dwight in a research note on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price objective for the company. Oppenheimer increased their price objective on shares of Church & Dwight from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 19th. BMO Capital Markets increased their price objective on shares of Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their price objective on shares of Church & Dwight to $60.00 and gave the stock a “fair value” rating in a research note on Friday, August 3rd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $56.33.
CHD opened at $65.49 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79. Church & Dwight has a 1-year low of $43.21 and a 1-year high of $65.24. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a yield of 1.33%. Church & Dwight’s payout ratio is 44.85%.
In related news, CAO Steven J. Katz sold 19,760 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $57.12, for a total transaction of $1,128,691.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,018 shares of the company’s stock, valued at $1,200,548.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $57.82, for a total transaction of $966,634.76. Following the transaction, the director now directly owns 45,826 shares of the company’s stock, valued at $2,649,659.32. The disclosure for this sale can be found here. Insiders have sold 473,800 shares of company stock valued at $27,051,358 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bartlett & Co. LLC grew its stake in Church & Dwight by 937.5% during the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock valued at $106,000 after acquiring an additional 1,800 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Church & Dwight during the third quarter valued at $107,000. Fort L.P. purchased a new position in Church & Dwight during the second quarter valued at $129,000. Global Trust Asset Management LLC purchased a new position in Church & Dwight during the third quarter valued at $142,000. Finally, Piedmont Investment Advisors LLC bought a new position in Church & Dwight during the second quarter valued at $148,000. 84.98% of the stock is owned by institutional investors.
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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