Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) – Equity analysts at Jefferies Financial Group cut their second-quarter 2022 earnings estimates for shares of Church & Dwight in a research note published on Sunday, May 1. Jefferies Financial Group analyst K. Grundy now expects the company to earn $0.71 per share for the quarter, down from its previous estimate of $0.80. Jefferies Financial Group has a “Buy” rating and a price target of $118.00 on the stock. Jefferies Financial Group also released estimates for Church & Dwight Q3 2022 earnings at $0.88 EPS, Q4 2022 earnings at $0.73 EPS, FY2022 earnings at $3.15 EPS, FY2023 earnings at $3.51 EPS and FY2024 earnings at $3.84 EPS.
Church and Dwight (NYSE: CHD – Get a rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $0.83 for the quarter, beating consensus analyst estimates of $0.76 by $0.07. Church & Dwight had a net margin of 15.46% and a return on equity of 22.29%. The company posted revenue of $1.30 billion for the quarter, compared to analysts’ estimates of $1.29 billion. In the same period last year, the company earned $0.83 per share. The company’s revenue increased 4.7% year over year.
Coronary artery disease has been the subject of several other research reports. StockNews.com began covering Church & Dwight shares in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Morgan Stanley raised its price target on Church & Dwight shares from $80.00 to $86.00 and gave the company an “underweight” rating in a Tuesday, April 12 research report. JPMorgan Chase & Co. lowered its price target on Church & Dwight shares from $87.00 to $85.00 and set an “underweight” rating on the stock in a Wednesday 30 research report. March. Goldman Sachs Group lowered its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 research report. Finally, Argus downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a Thursday, February 3, research report. Four research analysts gave the stock a sell rating, eight issued a hold rating and three issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.07.
Shares of CHD Action opened at $96.24 on Tuesday. The company has a market capitalization of $23.36 billion, a price/earnings ratio of 29.52, a P/E/G ratio of 3.86 and a beta of 0.42. The company has a debt ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.65. Church & Dwight has a 52 week minimum of $80.76 and a 52 week maximum of $105.28. The company’s 50-day simple moving average is $99.63 and its two-hundred-day simple moving average is $97.24.
A number of hedge funds and other institutional investors have recently changed their CHD holdings. EverSource Wealth Advisors LLC bought a new position in Church & Dwight in Q4 worth $29,000. Evolution Advisers Inc. bought a new position in Church & Dwight in Q4 worth $30,000. Riverview Trust Co bought a new position in Church & Dwight in Q1 worth $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Church & Dwight in Q4 worth $35,000. Finally, US Asset Management LLC bought a new position in Church & Dwight in Q1 worth $36,000. Institutional investors and hedge funds hold 84.81% of the company’s shares.
In related news, the director Penny W Award. sold 16,718 shares of the company in a transaction on Friday, February 11. The shares were sold at an average price of $98.39, for a total transaction of $1,644,884.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Company insiders own 1.70% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1. Shareholders of record on Monday, May 16 will receive a dividend of $0.2625. The ex-dividend date is Friday, May 13. This represents a dividend of $1.05 on an annualized basis and a dividend yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is 32.21%.
About Church & Dwight (Get a rating)
Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda products under the ARM & HAMMER brand; condoms, lubricants and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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