Zacks: Analysts Expect Church & Dwight Co., Inc. (NYSE:CHD) to Report EPS of $0.58
Equity research analysts expect Church & Dwight Co., Inc. (NYSE:CHD) to report earnings per share (EPS) of $0.58 for the current fiscal quarter, reports Zacks Investment Research. Eight analysts provided Church & Dwight earnings estimates, with the lowest EPS estimate of $0.57 and the highest estimate of $0.60. Church & Dwight posted earnings of $0.53 per share in the same quarter last year, indicating a positive year-over-year growth rate of 9.4%. The company is expected to release its next results before the market opens on Friday, January 28.
On average, analysts expect Church & Dwight to report annual earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.96 to $2.99. For the next fiscal year, analysts expect the company to post earnings of $3.21 per share, with EPS estimates ranging from $3.15 to $3.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that provide coverage for Church & Dwight.
Church & Dwight (NYSE:CHD) last released quarterly earnings data on Thursday, October 28. The company reported earnings per share of $0.80 for the quarter, beating the consensus estimate of $0.71 by $0.09. The company posted revenue of $1.31 billion in the quarter, compared to analysts’ estimates of $1.28 billion. Church & Dwight had a return on equity of 22.39% and a net margin of 16.02%. The company’s revenue for the quarter increased 5.7% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.70.
Several research firms have recently commented on CHD. Wells Fargo & Company raised its price target on Church & Dwight from $89.00 to $94.00 and gave the stock an “equal weight” rating in a Tuesday, November 30 research report. Stifel Nicolaus raised his price target on Church & Dwight from $89.00 to $92.00 and gave the company a “holding” rating in a Tuesday, November 30 research note. Deutsche Bank Aktiengesellschaft raised its price target on Church & Dwight from $91.00 to $93.00 and gave the company a “holding” rating in a Tuesday, Nov. 30 research note. JPMorgan Chase & Co. reiterated a “sell” rating on Church & Dwight stock in a Tuesday, Nov. 30, research note. Finally, Credit Suisse Group raised its price target on Church & Dwight from $100.00 to $105.00 and gave the company an “outperform” rating in a Tuesday, Nov. 30 research note. Three investment analysts gave the stock a sell rating, four gave the company a hold rating and two gave the company a buy rating. According to MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $92.38.
In other Church & Dwight news, Vice Chairman Richard A. Dierker sold 53,281 shares of Church & Dwight in a trade that took place on Tuesday, November 30. The stock was sold at an average price of $90.33, for a total value of $4,812,872.73. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, Vice Chairman Rene Hemsey sold 2,275 shares of Church & Dwight in a trade that took place on Friday, December 17. The shares were sold at an average price of $99.56, for a total value of $226,499.00. The disclosure of this sale can be found here. In the past three months, insiders have sold 869,968 shares of the company worth $82,018,976. Company insiders hold 2.00% of the company’s shares.
Several large investors have recently changed their positions in the company. The New York State Teachers’ Retirement System increased its stake in Church & Dwight stock by 0.3% during the 4th quarter. The New York State Teachers’ Retirement System now owns 273,516 shares of the company worth $28,035,000 after acquiring an additional 729 shares last quarter. National Bank of Canada FI purchased a new stake in shares of Church & Dwight during the 4th quarter at a value of approximately $2,095,000. Marshall & Sullivan Inc. WA increased its stake in shares of Church & Dwight by 1.0% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 62,728 shares of the company worth $6,430,000 after acquiring 648 additional shares last quarter. Keeler Thomas Management LLC increased its stake in shares of Church & Dwight by 6.0% during the 4th quarter. Keeler Thomas Management LLC now owns 32,692 shares of the company worth $3,350,000 after acquiring 1,855 additional shares last quarter. Finally, Bard Financial Services Inc. acquired a new position in shares of Church & Dwight during the 4th quarter worth approximately $216,000. 82.37% of the shares are currently held by institutional investors and hedge funds.
Shares of CHD traded down $0.98 in midday trading on Monday, hitting $102.42. 2,249,758 shares were traded, against an average volume of 1,893,651. Church & Dwight has a 52-week low of $77.62 and a 52-week high of $104.84. The stock has a fifty-day simple moving average of $98.11 and a 200-day simple moving average of $89.59. The company has a market capitalization of $25.01 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.02 and a beta of 0.44. The company has a debt ratio of 0.35, a quick ratio of 0.39 and a current ratio of 0.74.
Church & Dwight said its board of directors launched a stock repurchase program on Friday, Oct. 29 that authorizes 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 programs usually indicate that the management of the company believes that its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 1. Investors of record on Monday, November 15 received a dividend of $0.2525 per share. This represents a dividend of $1.01 on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, November 12. Church & Dwight’s dividend payout ratio is currently 30.98%.
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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