Second Quarter 2022 Earnings Estimate for Church & Dwight Co., Inc. (NYSE:CHD) Released by Oppenheimer
Church & Dwight Co., Inc. (NYSE:CHD) – Oppenheimer investment analysts cut second-quarter 2022 earnings estimates for Church & Dwight in a report released Monday, January 31. Oppenheimer analyst R. Parikh now expects the company to post earnings of $0.80 per share for the quarter, down from its previous estimate of $0.84. Oppenheimer has an “outperform” rating and a price target of $110.00 on the stock. Church & Dwight (NYSE:CHD) last released its quarterly results on Friday, January 28. The company reported EPS of $0.64 for the quarter, beating the Zacks consensus estimate of $0.60 by $0.04. Church & Dwight had a net margin of 15.94% and a return on equity of 22.72%. 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 revenue for the quarter increased 5.7% year over year.
Coronary artery disease has been the subject of several other research reports. Truist Financial raised its price target on shares of Church & Dwight from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Credit Suisse Group downgraded Church & Dwight from an “outperform” rating to a “neutral” rating and set a target price of $105.00 for the stock. in a research report on Wednesday, January 26. Deutsche Bank Aktiengesellschaft raised its price target on Church & Dwight from $97.00 to $100.00 and gave the company a “holding” rating in a report on Monday. 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 report. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on Church & Dwight shares in a Tuesday, Nov. 30, report. Three equity research analysts gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $99.10.
CHD stock opened at $103.19 on Thursday. Church & Dwight has a one-year low of $77.62 and a one-year high of $104.84. The company has a debt ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.59. The company has a market capitalization of $25.19 billion, a price/earnings ratio of 31.18, a PEG ratio of 4.01 and a beta of 0.44. The company has a 50-day simple moving average of $99.37 and a two-hundred-day simple moving average of $90.30.
A number of hedge funds and other institutional investors have recently changed their CHD holdings. Allspring Global Investments Holdings LLC acquired a new stake in Church & Dwight during Q4 valued at approximately $400,010,000. Fundsmith LLP increased its stake in Church & Dwight by 19.5% during the third quarter. Fundsmith LLP now owns 11,022,496 shares of the company valued at $910,127,000 after purchasing an additional 1,798,374 shares in the last quarter. Wells Fargo & Company MN increased its stake in Church & Dwight by 74.8% during the second quarter. Wells Fargo & Company MN now owns 3,705,503 shares of the company valued at $315,784,000 after purchasing an additional 1,585,520 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Church & Dwight by 53.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,491,201 shares of the company valued at $370,837,000 after purchasing an additional 1,573,883 shares last quarter. Finally, Amundi acquired a new stake in Church & Dwight during the 2nd quarter valued at approximately $78,438,000. Hedge funds and other institutional investors hold 82.37% of the company’s shares.
In other news, Vice Chairman Richard A. Dierker sold 53,281 shares in a trade dated Tuesday, November 30. The stock was sold at an average price of $90.33, for a total value of $4,812,872.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, director Arthur B. Winkleblack sold 12,000 shares in a trade dated Tuesday, November 30. The shares were sold at an average price of $92.40, for a total value of $1,108,800.00. Disclosure of this sale can be found here. Insiders sold 869,968 shares of the company valued at $82,018,976 in the past 90 days. 2.00% of the shares are currently held by insiders.
Church & Dwight said its board of directors approved a stock buyback program on Friday, Oct. 29 that allows the company to repurchase $1.00 billion of outstanding stock. This repurchase authorization allows the company to acquire up to 4.6% of its shares through purchases on the open market. Stock buyback programs usually indicate that the management of the company believes that its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.2625 per share. The ex-date of this dividend is Monday, February 14. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.25. This represents an annualized dividend of $1.05 and a yield of 1.02%. Church & Dwight’s dividend payout ratio is currently 30.51%.
Church & Dwight Corporate Profile
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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