Church & Dwight (NYSE:CHD) Releases Fiscal 2022 Earnings Guidance

Church and Dwight (NYSE: CHDGet a rating) updated its earnings guidance for fiscal 2022 on Monday. share of $3.18. The company released a revenue forecast of $5.45 billion to $5.61 billion, compared to the consensus revenue estimate of $5.52 billion. Church & Dwight also updated its guidance for the second quarter of 2022 to $0.70 – $0.70 EPS.

A number of stock analysts have recently commented on the stock. Goldman Sachs Group cut its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 research report. Argus downgraded Church & Dwight shares from a buy rating to a hold rating in a Thursday, Feb. 3 research note. Credit Suisse Group downgraded shares of Church & Dwight from an outperform rating to a neutral rating and set a price target of $105.00 for the stock. in a research note from Wednesday, January 26. Barclays cut its price target on Church & Dwight shares from $86.00 to $81.00 in a Monday May 2 research note. Finally, Morgan Stanley raised its price target on Church & Dwight shares from $80.00 to $86.00 and gave the stock an underweight rating in a Tuesday, April 12 research note. Four investment analysts have assigned the stock a sell rating, eight have issued a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $98.07.

Shares of Church & Dwight Stocks opened at $99.34 on Tuesday. The stock has a market capitalization of $24.12 billion, a price/earnings ratio of 30.17, a PEG ratio of 3.79 and a beta of 0.42. The company’s 50-day moving average is $99.56 and its 200-day moving average is $97.69. Church & Dwight has a 1-year low of $80.76 and a 1-year high of $105.28. The company has a debt ratio of 0.47, a current ratio of 0.65 and a quick ratio of 0.33.

Church and Dwight (NYSE: CHDGet a rating) last released its results on Thursday, April 28. The company reported earnings per share (EPS) of $0.83 for the quarter, beating the consensus estimate of $0.76 by $0.07. The company posted revenue of $1.30 billion for the quarter, versus $1.29 billion expected by analysts. Church & Dwight had a net margin of 15.46% and a return on equity of 22.29%. The company’s revenue for the quarter increased by 4.7% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.83. On average, stock analysts expect Church & Dwight to post 3.15 EPS for the current fiscal year.

The company also recently declared 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 per share. This represents an annualized dividend of $1.05 and a dividend yield of 1.06%. The ex-dividend date is Friday, May 13. Church & Dwight’s payout ratio is currently 32.21%.

In related news, the director Penny W Award. sold 16,718 shares in a trade that took place on Friday, February 11. The shares were sold at an average price of $98.39, for a total value of $1,644,884.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 1.70% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently changed their stock holdings. Sequoia Financial Advisors LLC purchased a new stake in Church & Dwight in the fourth quarter valued at $247,000. Barclays PLC increased its stake in shares of Church & Dwight by 36.2% during the fourth quarter. Barclays PLC now owns 601,458 shares in the company valued at $61,648,000 after purchasing an additional 159,713 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Church & Dwight by 121.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,966 shares of the company valued at $817,000 after purchasing an additional 4,367 shares during the period. Metropolitan Life Insurance Co NY increased its stake in shares of Church & Dwight by 16.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 28,535 shares of the company valued at $2,925,000 after purchasing an additional 4,031 shares during the period. Finally, NEXT Financial Group Inc increased its stake in Church & Dwight by 80.4% in the fourth quarter. NEXT Financial Group Inc now owns 3,984 shares of the company valued at $409,000 after purchasing an additional 1,776 shares in the last quarter. Institutional investors hold 84.81% of the company’s shares.

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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Earnings history and estimates for Church & Dwight (NYSE:CHD)

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Jerry B. Hatch