Campbell Soup (NASDAQ:CPB) Issues FY25 Earnings Guidance

Campbell Soup (NASDAQ:CPB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.12-3.22 for the period, compared to the consensus EPS estimate of $3.18. The company issued revenue guidance of $10.50-10.70 billion, compared to the consensus revenue estimate of $10.53 billion.

Campbell Soup Trading Down 1.5 %

Campbell Soup stock traded down $0.70 during midday trading on Tuesday, reaching $45.53. 3,778,451 shares of the stock traded hands, compared to its average volume of 2,515,304. The company has a 50-day simple moving average of $46.71 and a two-hundred day simple moving average of $47.04. Campbell Soup has a 12-month low of $40.18 and a 12-month high of $52.81. The firm has a market cap of $13.55 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is currently 78.31%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CPB. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday. Barclays increased their price target on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $55.00 to $58.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company raised their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.58.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.