Zacks: Brokers Expect Church & Dwight Co., Inc. (NYSE: CHD) to Show Quarterly Sales of $ 1.35 Billion
The brokerage firms expect Church & Dwight Co., Inc. (NYSE: CHD) to report sales of $ 1.35 billion for the current quarter, according to Zacks Investment Research. Eight analysts have released earnings estimates for Church & Dwight. The highest sales estimate is $ 1.36 billion and the lowest is $ 1.33 billion. Church & Dwight reported sales of $ 1.3 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The company is expected to report its next quarterly results on Friday, February 4.
According to Zacks, analysts expect Church & Dwight to report annual revenue of $ 5.17 billion for the current fiscal year, with estimates ranging from $ 5.16 billion to 5.19 billion. billions of dollars. For next year, analysts expect the company to report revenue of $ 5.45 billion, with estimates ranging from $ 5.40 billion to $ 5.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of seller-side research companies that follow Church & Dwight.
Church & Dwight (NYSE: CHD) last reported its quarterly results on Thursday, October 28. The company reported earnings per share (EPS) of $ 0.80 for the quarter, beating consensus analysts’ estimates of $ 0.71 per $ 0.09. The company posted revenue of $ 1.31 billion for the quarter, compared to analysts’ expectations of $ 1.28 billion. Church & Dwight had a net margin of 16.02% and a return on equity of 22.39%. The company’s quarterly revenue increased 5.7% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $ 0.70.
A number of analysts weighed on the title. Credit Suisse Group increased its target price for Church & Dwight shares from $ 100.00 to $ 105, and assigned the stock an “outperformance” rating in a research note on Tuesday, November 30. Wells Fargo & Company raised its target price on Church & Dwight shares from $ 89.00 to $ 94.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 30. Deutsche Bank Aktiengesellschaft raised its price target for Church & Dwight shares from $ 91.00 to $ 93.00 and gave the stock a “hold” rating in a report released on Tuesday, November 30. JPMorgan Chase & Co. reiterated a “sell” note on Church & Dwight shares in a report released on Tuesday, November 30. Finally, Stifel Nicolaus raised his price target for Church & Dwight shares from $ 89.00 to $ 92.00 and assigned a “hold” rating to the stock in a report released on Tuesday, November 30. Three research analysts rated the stock with a sell rating, four assigned a conservation rating, and three assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $ 91.00.
In addition, executive vice-president Maynadier Patrick D. De sold 25,166 shares of the company in a transaction dated Tuesday, December 14. The shares were sold at an average price of $ 98.00, for a total trade of $ 2,466,268.00. The sale was disclosed in a document filed with the SEC, accessible through this link. Additionally, Vice Chairman Richard A. Dierker sold 53,281 shares of the company in a transaction dated Tuesday, November 30. The shares were sold at an average price of $ 90.33, for a total transaction of $ 4,812,872.73. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 867,693 shares of the company valued at $ 81,792,477. 2.00% of the shares are held by insiders of the company.
Several large investors have recently bought and sold shares of CHD. Fundsmith LLP increased its position in Church & Dwight shares by 19.5% during the third quarter. Fundsmith LLP now owns 11,022,496 shares of the company valued at $ 910,127,000 after acquiring an additional 1,798,374 shares during the last quarter. Wells Fargo & Company MN increased its position in Church & Dwight by 74.8% in the 2nd 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 position in Church & Dwight by 53.9% in the 3rd 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 during the last quarter. Amundi took a new stake in Church & Dwight in the second quarter for approximately $ 78,438,000. Finally, Morgan Stanley strengthened its position in Church & Dwight by 44.0% in the 2nd quarter. Morgan Stanley now owns 1,603,921 shares of the company valued at $ 136,686,000 after purchasing an additional 489,866 shares in the last quarter. 80.57% of the shares are held by institutional investors.
NYSE CHD opened at $ 99.10 on Thursday. The company’s fifty-day mobile average price is $ 89.36 and its two-hundred-day mobile average price is $ 86.30. The stock has a market cap of $ 24.20 billion, a PE ratio of 30.40, a PEG ratio of 4.03 and a beta of 0.41. Church & Dwight has a minimum of $ 77.62 over 52 weeks and a maximum of $ 100.08 over 52 weeks. The company has a debt to equity ratio of 0.35, a quick ratio of 0.39, and a current ratio of 0.74.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1. Investors of record on Monday, November 15 received a dividend of $ 0.2525. The ex-dividend date was Friday, November 12. This represents an annualized dividend of $ 1.01 and a return of 1.02%. Church & Dwight’s payout ratio is 30.98%.
Church & Dwight said its board of directors launched a share buyback plan on Friday, October 29 that allows the company to repurchase $ 1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 4.6% of its shares through market purchases. Share buyback plans usually indicate that company management believes its shares are undervalued.
Church & Dwight Company Profile
Church & Dwight Co, Inc is engaged in the development, manufacture and market 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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