Equities analysts predict that Campbell Soup Company (NYSE:CPB) will post sales of $2.17 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Campbell Soup’s earnings, with the highest sales estimate coming in at $2.17 billion and the lowest estimate coming in at $2.16 billion. Campbell Soup also reported sales of $2.17 billion during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Friday, February 16th.
On average, analysts expect that Campbell Soup will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $7.80 billion to $7.92 billion. For the next fiscal year, analysts anticipate that the company will report sales of $8.03 billion per share, with estimates ranging from $7.88 billion to $8.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.00 EPS. Campbell Soup’s quarterly revenue was down 1.9% compared to the same quarter last year.
CPB has been the topic of a number of recent research reports. Royal Bank Of Canada set a $56.00 price target on Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $50.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank restated a “hold” rating and set a $51.00 price objective (down from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Goldman Sachs Group decreased their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.91.
In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. Corporate insiders own 37.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. AXA raised its stake in Campbell Soup by 2,043.4% in the third quarter. AXA now owns 620,342 shares of the company’s stock valued at $29,044,000 after buying an additional 591,400 shares during the last quarter. Robinson Value Management Ltd. raised its stake in Campbell Soup by 8.0% in the third quarter. Robinson Value Management Ltd. now owns 22,073 shares of the company’s stock valued at $1,033,000 after buying an additional 1,630 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Campbell Soup in the third quarter valued at about $618,000. IFM Investors Pty Ltd purchased a new stake in Campbell Soup in the third quarter valued at about $290,000. Finally, California Public Employees Retirement System raised its stake in Campbell Soup by 6.1% in the third quarter. California Public Employees Retirement System now owns 418,433 shares of the company’s stock valued at $19,591,000 after buying an additional 23,933 shares during the last quarter. Institutional investors own 46.33% of the company’s stock.
Campbell Soup (NYSE:CPB) opened at $50.19 on Thursday. Campbell Soup has a 12-month low of $44.99 and a 12-month high of $64.23. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.42 and a current ratio of 0.77. The stock has a market capitalization of $14,975.34, a price-to-earnings ratio of 16.95, a PEG ratio of 3.79 and a beta of 0.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is currently 48.95%.
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Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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