Church & Dwight (NYSE:CHD) issued its quarterly earnings data on Friday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.14, MarketWatch Earnings reports. Church & Dwight had a net margin of 14.96% and a return on equity of 24.62%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Church & Dwight updated its FY 2020
Pre-Market guidance to 2.79-2.79 EPS.
CHD opened at $96.33 on Friday. The stock’s fifty day moving average is $80.34 and its 200-day moving average is $73.71. The company has a market capitalization of $23.69 billion, a PE ratio of 36.08, a P/E/G ratio of 4.12 and a beta of 0.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 1.03. Church & Dwight has a one year low of $47.98 and a one year high of $96.40.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. Church & Dwight’s dividend payout ratio is currently 38.87%.
In other news, Director James Craigie sold 87,400 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $73.28, for a total value of $6,404,672.00. Following the transaction, the director now owns 11,019 shares of the company’s stock, valued at approximately $807,472.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 16,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $71.60, for a total value of $1,145,600.00. Following the sale, the director now directly owns 61,154 shares in the company, valued at approximately $4,378,626.40. The disclosure for this sale can be found here. Insiders have sold 265,225 shares of company stock worth $19,915,197 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on CHD. SunTrust Banks increased their target price on shares of Church & Dwight from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $68.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Stifel Nicolaus lifted their target price on shares of Church & Dwight from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, April 13th. Finally, Morgan Stanley boosted their price objective on shares of Church & Dwight from $74.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Church & Dwight has a consensus rating of “Hold” and an average target price of $78.71.
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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