Church & Dwight Co., Inc. (NYSE:CHD) – Equities researchers at Jefferies Financial Group lifted their FY2020 earnings per share estimates for shares of Church & Dwight in a report released on Monday, October 29th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings of $2.75 per share for the year, up from their previous forecast of $2.73. Jefferies Financial Group currently has a “Buy” rating and a $68.00 target price on the stock.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis.
CHD has been the topic of a number of other reports. Societe Generale downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 price target on the stock. in a report on Tuesday, August 7th. Morgan Stanley increased their price target on shares of Church & Dwight from $46.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, August 3rd. BMO Capital Markets increased their price target on shares of Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. UBS Group assumed coverage on shares of Church & Dwight in a report on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price target on the stock. Finally, ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. 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. The company currently has a consensus rating of “Hold” and an average target price of $56.33.
Shares of Church & Dwight stock opened at $64.87 on Wednesday. Church & Dwight has a 12-month low of $43.21 and a 12-month high of $65.24. The stock has a market capitalization of $14.78 billion, a PE ratio of 33.44, a PEG ratio of 2.64 and a beta of 0.38. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC raised its stake in Church & Dwight by 24.0% in the second quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after purchasing an additional 1,765 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Church & Dwight during the second quarter worth approximately $164,000. Castleark Management LLC purchased a new position in shares of Church & Dwight during the second quarter worth approximately $320,000. Finally, Suntrust Banks Inc. raised its stake in shares of Church & Dwight by 15.0% during the first quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock worth $875,000 after acquiring an additional 2,267 shares in the last quarter. 84.98% of the stock is currently owned by institutional investors and hedge funds.
In related news, CAO Steven J. Katz sold 19,760 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.12, for a total value of $1,128,691.20. Following the sale, the chief accounting officer now directly owns 21,018 shares of the company’s stock, valued at $1,200,548.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Dierker sold 33,900 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.24, for a total transaction of $1,940,436.00. Following the completion of the sale, the vice president now directly owns 25,376 shares in the company, valued at $1,452,522.24. The disclosure for this sale can be found here. Insiders sold 473,800 shares of company stock worth $27,051,358 over the last ninety days. 2.00% of the stock is currently owned by insiders.
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 $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s dividend payout ratio is currently 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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