$ 1.35 billion in expected sales for Church & Dwight Co., Inc. (NYSE: CHD) this quarter
Brokerages expect Church & Dwight Co., Inc. (NYSE: CHD) to report $ 1.35 billion in revenue for the current quarter, Zacks Investment Research reports. Eight analysts put Church & Dwight in earnings, with the lowest sales estimate at $ 1.33 billion and the highest estimate at $ 1.36 billion. Church & Dwight reported sales of $ 1.3 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 3.8%. The company is expected to release its next earnings report before the market opens on Friday, January 28.
On average, analysts expect Church & Dwight to report annual revenue of $ 5.17 billion for the current fiscal year, with estimates ranging from $ 5.15 billion to 5.19 billion. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 5.45 billion, with estimates ranging from $ 5.40 billion to $ 5.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts who cover Church & Dwight.
Church & Dwight (NYSE: CHD) last reported its quarterly results on Thursday, October 28. The company reported earnings per share (EPS) of $ 0.80 for the quarter, beating the consensus estimate of $ 0.71 by $ 0.09. The company posted revenue of $ 1.31 billion for the quarter, compared to analysts’ expectations of $ 1.28 billion. Church & Dwight had a net margin of 16.02% and a return on equity of 22.39%. Church & Dwight’s revenue increased 5.7% from the same quarter last year. During the same period of the previous year, the company posted $ 0.70 in EPS.
A number of equity analysts have recently weighed on CHD shares. Oppenheimer raised its price target for Church & Dwight shares from $ 100.00 to $ 110.00 and rated the stock as “outperforming” in a research note on Monday, December 20. Deutsche Bank Aktiengesellschaft raised its price target for Church & Dwight shares from $ 91.00 to $ 93.00 and assigned the stock a “hold” rating in a research note on Tuesday, November 30. Wells Fargo & Company raised its price target for Church & Dwight stock from $ 89.00 to $ 94.00 and gave the stock an “equal weight” rating in a Tuesday, November 30th research note. . JPMorgan Chase & Co. reaffirmed a “sell” note on Church & Dwight shares in a research note on Tuesday, November 30. Finally, Stifel Nicolaus raised his price target for the Church & Dwight stock from $ 89.00 to $ 92.00 and assigned the stock a “hold” rating in a research note on Tuesday, November 30. Three research analysts rated the stock with a sell rating, four assigned a conservation rating, and four gave the company a buy rating. According to MarketBeat data, Church & Dwight has an average “Hold” rating and a consensus target price of $ 92.90.
Shares of CHD opened at $ 102.54 on Thursday. The company has a debt to equity ratio of 0.35, a quick ratio of 0.39, and a current ratio of 0.74. The stock has a market cap of $ 25.03 billion, a P / E ratio of 31.53, a P / E / G ratio of 4.31 and a beta of 0.44. The company’s fifty-day moving average is $ 94.08 and its two-hundred-day moving average is $ 87.80. Church & Dwight has a one-year low at $ 77.62 and a one-year high at $ 103.22.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1. Shareholders of record on Monday, November 15, received a dividend of $ 0.2525 per share. The ex-dividend date of this dividend was Friday, November 12. This represents an annualized dividend of $ 1.01 and a dividend yield of 0.98%. Church & Dwight’s payout ratio is currently 30.98%.
Church & Dwight said its board of directors authorized a share buyback program on Friday, October 29 that allows the company to repurchase $ 1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy back up to 4.6% of its shares through market purchases. Share buyback programs typically indicate that the board of directors of the company believes its shares are undervalued.
In other news, CEO Matthew Farrell sold 100,000 shares in a deal dated Monday, December 6. The shares were sold at an average price of $ 94.02, for a total trade of $ 9,402,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In addition, Vice-President Rene Hemsey sold 2,275 shares in a transaction dated Friday, December 17. The stock was sold for an average price of $ 99.56, for a total trade of $ 226,499.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 869,968 shares of the company valued at $ 82,018,976. Insiders own 2.00% of the shares of the company.
A number of institutional investors and hedge funds have recently bought and sold shares of CHD. Strategic Blueprint LLC acquired a new stake in Church & Dwight during the second quarter valued at approximately $ 25,000. US Asset Management LLC acquired a new stake in Church & Dwight during the third quarter for a value of approximately $ 30,000. Liberty Wealth Management LLC increased its position in Church & Dwight by 8,512.1% during the 2nd quarter. Liberty Wealth Management LLC now owns 2,842 shares of the company valued at $ 33,000 after purchasing an additional 2,809 shares in the last quarter. PSI Advisors LLC acquired a new stake in Church & Dwight during the third quarter for a value of approximately $ 43,000. Finally, FFT Wealth Management LLC acquired a new stake in Church & Dwight during the second quarter for a value of approximately $ 49,000. 80.57% of the shares are held by hedge funds and other institutional investors.
Church & Dwight Company Profile
Church & Dwight Co, Inc is engaged in the development, manufacture and market of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products; and personal care products, including antiperspirants, oral care products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers, and dietary supplements.
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