Equities analysts expect Campbell Soup (NYSE:CPB) to post earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.39. Campbell Soup reported earnings per share of $0.25 in the same quarter last year, which would suggest a positive year-over-year growth rate of 64%. The company is expected to announce its next earnings results on Thursday, August 29th.
On average, analysts expect that Campbell Soup will report full-year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.53 to $2.55. For the next year, analysts forecast that the company will report earnings of $2.60 per share, with EPS estimates ranging from $2.56 to $2.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. Campbell Soup’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share.
Several analysts recently weighed in on CPB shares. Wells Fargo & Co set a $29.00 price objective on Amphastar Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, June 6th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective for the company. UBS Group started coverage on in a report on Thursday, June 6th. They issued a “neutral” rating and a GBX 336 ($4.39) price objective for the company. Finally, Bank of America lowered their price objective on Micron Technology from $50.00 to $43.00 and set a “buy” rating for the company in a report on Friday, June 14th. Seven investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $40.36.
Campbell Soup stock traded down $0.41 during midday trading on Friday, hitting $41.27. The stock had a trading volume of 1,388,550 shares, compared to its average volume of 1,991,267. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The company has a market capitalization of $12.43 billion, a PE ratio of 14.38, a P/E/G ratio of 3.24 and a beta of 0.53. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $43.98. The business’s fifty day moving average is $40.90.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, July 11th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
In other news, VP Stanley Polomski sold 9,732 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $41.01, for a total transaction of $399,109.32. Following the completion of the sale, the vice president now owns 24,540 shares in the company, valued at approximately $1,006,385.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall W. Larrimore sold 3,400 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. Insiders have sold 19,132 shares of company stock valued at $780,333 over the last ninety days. Corporate insiders own 37.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Campbell Soup by 31.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 21,044 shares of the company’s stock worth $844,000 after acquiring an additional 5,070 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Campbell Soup in the second quarter worth $266,000. Hamilton Point Investment Advisors LLC increased its position in Campbell Soup by 1.2% during the second quarter. Hamilton Point Investment Advisors LLC now owns 71,539 shares of the company’s stock worth $2,867,000 after buying an additional 815 shares during the last quarter. NuWave Investment Management LLC increased its position in Campbell Soup by 6,469.2% during the second quarter. NuWave Investment Management LLC now owns 1,708 shares of the company’s stock worth $69,000 after buying an additional 1,682 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Campbell Soup during the second quarter worth $468,000. Institutional investors own 52.05% of the company’s stock.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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