Equities research analysts expect Church & Dwight Co., Inc. (NYSE:CHD) to announce sales of $1.07 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Church & Dwight’s earnings. The highest sales estimate is $1.09 billion and the lowest is $1.06 billion. Church & Dwight posted sales of $1.03 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is expected to report its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that Church & Dwight will report full-year sales of $4.38 billion for the current fiscal year, with estimates ranging from $4.36 billion to $4.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.63 billion, with estimates ranging from $4.56 billion to $4.70 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Church & Dwight.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research report on Thursday, May 30th. Wells Fargo & Co reaffirmed a “hold” rating and set a $70.00 price objective on shares of Church & Dwight in a research note on Thursday, May 2nd. Citigroup cut shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective for the company. in a research note on Thursday, May 2nd. BMO Capital Markets boosted their price objective on shares of Church & Dwight to $75.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, SunTrust Banks boosted their price objective on shares of Church & Dwight to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five 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 $67.94.
Shares of NYSE CHD traded up $0.42 during midday trading on Tuesday, hitting $77.36. The company’s stock had a trading volume of 36,552 shares, compared to its average volume of 1,100,555. Church & Dwight has a one year low of $49.22 and a one year high of $79.22. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18.91 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 3.61 and a beta of 0.25.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.91 dividend on an annualized basis and a yield of 1.18%. Church & Dwight’s dividend payout ratio is presently 40.09%.
In other Church & Dwight news, Director Robert K. Shearer sold 17,544 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $77.00, for a total value of $1,350,888.00. Following the completion of the transaction, the director now owns 46,652 shares of the company’s stock, valued at approximately $3,592,204. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven P. Cugine sold 15,540 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the transaction, the executive vice president now directly owns 30,866 shares of the company’s stock, valued at approximately $2,426,993.58. The disclosure for this sale can be found here. In the last three months, insiders sold 159,516 shares of company stock valued at $11,866,800. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Church & Dwight by 4.5% in the 4th quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock worth $174,728,000 after acquiring an additional 113,257 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of Church & Dwight by 3.3% in the 1st quarter. Sigma Planning Corp now owns 8,425 shares of the company’s stock worth $600,000 after acquiring an additional 271 shares during the last quarter. Moreno Evelyn V bought a new stake in shares of Church & Dwight in the 1st quarter worth approximately $214,000. Natixis Advisors L.P. lifted its holdings in shares of Church & Dwight by 5.3% in the 4th quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock worth $3,382,000 after acquiring an additional 2,579 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Church & Dwight by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,139,618 shares of the company’s stock worth $74,943,000 after acquiring an additional 23,690 shares during the last quarter. 82.11% of the stock is owned by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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