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

Church & Dwight (NYSE: CHD – Get a rating) updated its earnings guidance for the third quarter of 2022 on Wednesday. The company provided EPS guidance of $0.65 to $0.65 for the period, compared to the consensus EPS estimate of 0, $66. The company released a revenue forecast of $1.30 billion to $1.30 billion, compared to a consensus revenue estimate of $1.35 billion. Church & Dwight also updated its guidance for fiscal year 2022 to $2.97 – $2.97 EPS.

Analyst upgrades and downgrades

Several brokerages have recently weighed in on CHD. Goldman Sachs Group cut its price target on Church & Dwight shares from $104.00 to $93.00 and set a neutral rating for the company in a Wednesday, Aug. 3 research note. Jefferies Financial Group cut its price target on Church & Dwight from $101.00 to $98.00 and set a buy rating for the company in a Wednesday, September 14 report. Barclays cut its price target on Church & Dwight from $76.00 to $73.00 and set an underweight rating for the company in a Wednesday, September 7 report. Deutsche Bank Aktiengesellschaft upgraded Church & Dwight from a hold rating to a buy rating and cut its price target for the company from $90.00 to $85.00 in a report released Wednesday. Finally, UBS Group reduced its price target on Church & Dwight from $104.00 to $98.00 and set a neutral rating for the company in a Monday, August 1 report. Five equity research analysts gave the stock a sell rating, eight gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of Hold and a consensus target price of $88.93.

Church & Dwight Stock up 0.6%

CHD stock opened at $73.35 on Wednesday. The company has a debt ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. Church & Dwight has a fifty-two week low of $71.37 and a fifty-two week high of $105.28. The stock has a market capitalization of $17.82 billion, a price/earnings ratio of 23.29, a PEG ratio of 3.64 and a beta of 0.43. The company’s fifty-day moving average price is $82.86 and its two-hundred-day moving average price is $90.58.

Church & Dwight (NYSE: CHD – Get a rating) last released its quarterly results on Friday, July 29. The company reported EPS of $0.76 for the quarter, beating analyst consensus estimates of $0.71 by $0.05. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company posted revenue of $1.33 billion for the quarter, versus $1.34 billion for analysts. In the same quarter last year, the company earned $0.76 per share. Church & Dwight revenue increased 4.2% year over year. On average, stock analysts expect Church & Dwight to post earnings per share of 2.97 for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1. Investors of record on Monday August 15 received a dividend of $0.2625. This represents a dividend of $1.05 on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, August 12. Church & Dwight’s payout ratio is currently 33.33%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight, EVP news Rene Hemsey sold 5,000 shares of Church & Dwight in a trade dated Friday, September 16. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the transaction, the executive vice president now owns 6,259 shares of the company, valued at $480,503.43. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders of the company own 1.70% of the shares of the company.

Church & Dwight Institutional Trading

A number of hedge funds have recently changed their positions in CHD. Covestor Ltd increased its stake in shares of Church & Dwight by 62.7% during the first quarter. Covestor Ltd now owns 932 shares of the company valued at $93,000 after buying 359 additional shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Church & Dwight by 54.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,702 shares of the company valued at $169,000 after buying 601 additional shares last quarter. Fund Management at Engine No. 1 LLC acquired a new equity stake in Church & Dwight during the first quarter, valued at approximately $203,000. Eudaimonia Partners LLC acquired a new stake in shares of Church & Dwight during the first quarter valued at approximately $205,000. Finally, Wellington Management Group LLP acquired a new equity stake in Church & Dwight during the first quarter valued at approximately $208,000. 82.59% of the shares are held by institutional investors and hedge funds.

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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