Q2 2024 EPS Estimates for Church & Dwight Co., Inc. (NYSE:CHD) Reduced by Analyst

Church & Dwight Co., Inc. (NYSE:CHD) – William Blair cut their Q2 2024 earnings per share estimates for shares of Church & Dwight in a research note issued to investors on Thursday, May 2nd. William Blair analyst J. Andersen now expects that the company will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.90. The consensus estimate for Church & Dwight’s current full-year earnings is $3.46 per share. William Blair also issued estimates for Church & Dwight’s Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.86 EPS, FY2024 earnings at $3.43 EPS and FY2025 earnings at $3.70 EPS.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Bank of America upped their target price on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Barclays dropped their price target on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating for the company in a report on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $105.56.

Church & Dwight Stock Performance

CHD opened at $106.92 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $108.68. The business has a 50 day moving average of $103.92 and a 200-day moving average of $98.11. The stock has a market cap of $26.14 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.53 and a beta of 0.51.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s payout ratio is presently 35.87%.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 371,524 shares of company stock valued at $38,491,358. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 89.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after acquiring an additional 2,839,783 shares during the last quarter. Norges Bank acquired a new position in Church & Dwight in the 4th quarter worth about $259,967,000. Capital International Investors raised its position in Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after purchasing an additional 2,533,877 shares during the last quarter. Vanguard Group Inc. raised its position in Church & Dwight by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after purchasing an additional 354,946 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Church & Dwight by 26.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after purchasing an additional 277,017 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

About Church & Dwight

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.