Research Analysts Offer Predictions for Church & Dwight Co., Inc.’s Q3 2024 Earnings (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD) – Analysts at Zacks Research lifted their Q3 2024 earnings estimates for shares of Church & Dwight in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.86 for the quarter, up from their previous estimate of $0.85. The consensus estimate for Church & Dwight’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Church & Dwight’s FY2024 earnings at $3.41 EPS, Q3 2025 earnings at $0.93 EPS, FY2025 earnings at $3.66 EPS and FY2026 earnings at $4.05 EPS.

Several other equities analysts have also recently commented on the stock. Bank of America boosted their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday. Barclays upped their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Truist Financial lifted their price objective on Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group began coverage on Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.27.

Church & Dwight Trading Up 0.2 %

Shares of CHD opened at $103.45 on Thursday. Church & Dwight has a twelve month low of $82.25 and a twelve month high of $105.67. The stock has a market cap of $25.23 billion, a PE ratio of 34.03, a P/E/G ratio of 3.43 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $101.84 and its 200-day moving average price is $96.36.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHD. Moneta Group Investment Advisors LLC lifted its holdings in shares of Church & Dwight by 106,565.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock valued at $539,200,000 after purchasing an additional 6,682,725 shares in the last quarter. JPMorgan Chase & Co. grew its position in Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock worth $552,283,000 after purchasing an additional 2,839,783 shares during the period. Norges Bank purchased a new stake in Church & Dwight during the 4th quarter valued at $259,967,000. Capital International Investors lifted its holdings in shares of Church & Dwight by 39.2% during the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Church & Dwight by 25.8% during the 4th quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock valued at $253,808,000 after buying an additional 645,291 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Church & Dwight

In related news, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Dierker sold 24,380 shares of Church & Dwight stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $103.61, for a total value of $2,526,011.80. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $790,958.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a $0.2838 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 37.17%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.