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.
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.
Further reading: What are municipal bonds?
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Church & Dwight right now?
Before you consider Church & Dwight, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Church & Dwight didn’t make the list.
While Church & Dwight currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here