Equities research analysts expect that Church & Dwight Co., Inc. (NYSE:CHD) will announce $976.83 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Church & Dwight’s earnings, with the highest sales estimate coming in at $985.00 million and the lowest estimate coming in at $973.40 million. Church & Dwight posted sales of $877.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Church & Dwight will report full-year sales of $976.83 million for the current year, with estimates ranging from $4.07 billion to $4.11 billion. For the next year, analysts anticipate that the business will post sales of $4.21 billion per share, with estimates ranging from $4.19 billion to $4.22 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Church & Dwight.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis.
Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Church & Dwight from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, February 6th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Wells Fargo & Co cut their price objective on Church & Dwight from $52.00 to $50.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada upped their price target on Church & Dwight to $51.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Finally, Oppenheimer raised Church & Dwight from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.40.
Church & Dwight (NYSE CHD) traded down $0.52 during mid-day trading on Friday, reaching $49.47. The company’s stock had a trading volume of 2,910,000 shares, compared to its average volume of 2,460,000. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.07. Church & Dwight has a twelve month low of $43.21 and a twelve month high of $54.18. The stock has a market capitalization of $12,360.00, a PE ratio of 26.89, a P/E/G ratio of 2.08 and a beta of 0.45.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. Church & Dwight’s dividend payout ratio is currently 47.28%.
Church & Dwight announced that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In related news, Director James Craigie sold 24,508 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $50.03, for a total transaction of $1,226,135.24. Following the sale, the director now owns 52,625 shares of the company’s stock, valued at approximately $2,632,828.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Westpac Banking Corp lifted its holdings in Church & Dwight by 636.4% during the 3rd quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock worth $5,614,000 after purchasing an additional 100,129 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Church & Dwight by 4.0% during the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock worth $367,000 after purchasing an additional 270 shares in the last quarter. Huntington National Bank lifted its holdings in Church & Dwight by 3.1% during the 3rd quarter. Huntington National Bank now owns 726,553 shares of the company’s stock worth $35,202,000 after purchasing an additional 21,739 shares in the last quarter. Financial Enhancement Group LLC lifted its holdings in Church & Dwight by 1.8% during the 3rd quarter. Financial Enhancement Group LLC now owns 149,784 shares of the company’s stock worth $7,257,000 after purchasing an additional 2,654 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in Church & Dwight during the 3rd quarter worth about $310,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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