Wall Street analysts expect Church & Dwight Co., Inc. (NYSE:CHD) to announce $1.25 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Church & Dwight’s earnings. The lowest sales estimate is $1.25 billion and the highest is $1.27 billion. Church & Dwight reported sales of $1.19 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The business is expected to announce its next earnings report on Friday, July 30th.
On average, analysts expect that Church & Dwight will report full year sales of $5.18 billion for the current financial year, with estimates ranging from $5.15 billion to $5.21 billion. For the next fiscal year, analysts expect that the company will report sales of $5.35 billion, with estimates ranging from $5.29 billion to $5.41 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Church & Dwight.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, April 29th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. Church & Dwight had a net margin of 16.44% and a return on equity of 24.49%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year.
Several brokerages have commented on CHD. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Monday, January 11th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective on shares of Church & Dwight in a research report on Monday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $79.00 to $80.00 and gave the company an “underweight” rating in a research report on Friday, April 16th. Bank of America lowered their price objective on shares of Church & Dwight from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $91.00 to $92.00 and gave the company a “hold” rating in a research report on Tuesday, April 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $101.27.
NYSE:CHD traded up $1.97 during trading hours on Thursday, hitting $89.42. The stock had a trading volume of 1,593,952 shares, compared to its average volume of 1,482,636. The company has a 50 day simple moving average of $86.42 and a two-hundred day simple moving average of $85.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.49 and a quick ratio of 0.97. Church & Dwight has a one year low of $70.07 and a one year high of $98.96. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 3.10 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be given a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 13th. Church & Dwight’s payout ratio is presently 40.89%.
In other Church & Dwight news, Director Penry W. Price sold 12,632 shares of the business’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $82.50, for a total value of $1,042,140.00. Also, Director James Craigie acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, February 24th. The stock was purchased at an average price of $80.26 per share, for a total transaction of $481,560.00. Following the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $789,116.32. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Marshall & Sullivan Inc. WA boosted its stake in shares of Church & Dwight by 1,056.4% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 59,336 shares of the company’s stock valued at $5,183,000 after purchasing an additional 54,205 shares in the last quarter. Toews Corp ADV bought a new stake in shares of Church & Dwight during the 1st quarter valued at about $943,000. Envestnet Asset Management Inc. boosted its stake in shares of Church & Dwight by 31.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 307,460 shares of the company’s stock valued at $26,857,000 after purchasing an additional 73,437 shares in the last quarter. Security National Trust Co. boosted its stake in shares of Church & Dwight by 105.3% during the 1st quarter. Security National Trust Co. now owns 780 shares of the company’s stock valued at $68,000 after purchasing an additional 400 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Church & Dwight by 9.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 9,540 shares of the company’s stock valued at $833,000 after purchasing an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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