Wall Street brokerages expect that Campbell Soup (NYSE:CPB) will announce earnings of $0.25 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Campbell Soup’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. Campbell Soup reported earnings per share of $0.52 during the same quarter last year, which indicates a negative year-over-year growth rate of 51.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 30th.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $2.89. For the next financial year, analysts expect that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.55 to $3.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Campbell Soup.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.10. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Campbell Soup’s revenue was up 14.7% compared to the same quarter last year.
Several brokerages recently weighed in on CPB. Goldman Sachs Group restated a “sell” rating and issued a $43.00 price objective on shares of Campbell Soup in a report on Friday, April 13th. Piper Jaffray Companies set a $43.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a report on Wednesday, April 18th. Credit Suisse Group restated an “underperform” rating and issued a $40.00 price objective on shares of Campbell Soup in a report on Monday, April 16th. Zacks Investment Research upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, April 18th. Finally, ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Ten equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Sell” and an average target price of $40.21.
Shares of NYSE CPB opened at $42.00 on Thursday. Campbell Soup has a fifty-two week low of $32.63 and a fifty-two week high of $54.37. The company has a market capitalization of $12.19 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.30. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 5.73.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 30th. Shareholders of record on Friday, July 13th will be issued a $0.35 dividend. The ex-dividend date is Thursday, July 12th. This represents a $1.40 annualized dividend and a yield of 3.33%. Campbell Soup’s dividend payout ratio (DPR) is presently 46.05%.
In other news, Director Maria Teresa Hilado bought 2,000 shares of the business’s stock in a transaction on Wednesday, June 6th. The shares were bought at an average cost of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the acquisition, the director now owns 4,330 shares in the company, valued at approximately $143,842.60. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 37.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Wisconsin Investment Board increased its position in shares of Campbell Soup by 41.4% during the fourth quarter. State of Wisconsin Investment Board now owns 168,019 shares of the company’s stock worth $8,083,000 after acquiring an additional 49,188 shares in the last quarter. Virtu Financial LLC grew its position in Campbell Soup by 75.2% in the fourth quarter. Virtu Financial LLC now owns 11,013 shares of the company’s stock valued at $530,000 after purchasing an additional 4,727 shares in the last quarter. Baird Financial Group Inc. grew its position in Campbell Soup by 103.3% in the fourth quarter. Baird Financial Group Inc. now owns 38,359 shares of the company’s stock valued at $1,845,000 after purchasing an additional 19,488 shares in the last quarter. State of Tennessee Treasury Department grew its position in Campbell Soup by 136.4% in the fourth quarter. State of Tennessee Treasury Department now owns 124,758 shares of the company’s stock valued at $6,002,000 after purchasing an additional 71,984 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in Campbell Soup by 8.4% in the fourth quarter. OppenheimerFunds Inc. now owns 25,773 shares of the company’s stock valued at $1,240,000 after purchasing an additional 1,991 shares in the last quarter. Institutional investors own 48.65% of the company’s stock.
Campbell Soup Company Profile
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; and Campbell's tomato juices in the United States, Canada, and Latin America.
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