Church & Dwight Inc (NYSE:CHD) Reports Earnings, Beats Expectations of $0.04 EPS

Church & Dwight (NYSE:CHD) announced its quarterly results on Friday. The company reported earnings per share of $0.64 for the quarter, beating consensus analyst estimates of $0.60 by $0.04, MarketWatch Earnings reports. Church & Dwight had a return on equity of 22.39% and a net margin of 16.02%. The company posted revenue of $1.37 billion for the quarter, versus $1.35 billion for analysts. In the same period a year earlier, the company posted earnings of $0.53 per share. The company’s revenues increased by 5.7% compared to the same quarter last year. Church & Dwight updated its guidance for the first quarter to $0.75 EPS and its guidance for FY22 to $3.14-3.26 EPS.

NYSE:CHD traded at $3.15 during the midday session on Friday, reaching $101.81. The company had a trading volume of 67,501 shares, compared to an average volume of 2,016,456 shares. Church & Dwight has a fifty-two week low of $77.62 and a fifty-two week high of $104.84. The company’s fifty-day moving average is $98.62 and its two-hundred-day moving average is $89.82. The company has a debt ratio of 0.35, a quick ratio of 0.39 and a current ratio of 0.74. The company has a market capitalization of $24.86 billion, a P/E ratio of 30.26, a P/E/G ratio of 4.02 and a beta of 0.44.

In other Church & Dwight news, Vice Chairman Rene Hemsey sold 2,275 shares in a trade dated Friday, Dec. 17. The stock was sold at an average price of $99.56, for a total value of $226,499.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, CEO Matthew Farrell sold 100,000 shares in a trade dated Monday, Dec. 6. The stock was sold at an average price of $94.02, for a total value of $9,402,000.00. The disclosure of this sale can be found here. Insiders have sold 869,968 shares of the company worth $82,018,976 in the past three months. Insiders hold 2.00% of the shares of the company.

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Church & Dwight said its board authorized a stock repurchase plan on Friday, Oct. 29 that allows the company to repurchase $1.00 billion of outstanding stock. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares by way of purchases on the open market. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.

A number of brokerages have weighed in on CHD. JPMorgan Chase & Co. reiterated a “sell” rating on Church & Dwight shares in a Tuesday, Nov. 30, research report. Wells Fargo & Company raised its price target on Church & Dwight from $89.00 to $94.00 and gave the company an “equal weight” rating in a Tuesday, November 30 research report. Credit Suisse Group downgraded Church & Dwight from an “outperforming” rating to a “neutral” rating and set a price target of $105.00 for the stock. in a research report Wednesday. Stifel Nicolaus raised his price target on Church & Dwight from $89.00 to $92.00 and gave the stock a “holding” rating in a Tuesday, November 30 research note. Finally, Oppenheimer raised his price target on Church & Dwight from $100.00 to $110.00 and gave the company an “outperform” rating in a Monday, Dec. 20 research note. Three analysts rated the stock with a sell rating, five assigned a hold rating and one assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.38.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture and marketing 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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Earnings history for Church & Dwight (NYSE:CHD)

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