Q3 2024 EPS Estimates for Church & Dwight Co., Inc. (NYSE:CHD) Lifted by Zacks Research

Church & Dwight Co., Inc. (NYSE:CHD) – Equities research analysts at Zacks Research upped their Q3 2024 earnings estimates for shares of Church & Dwight in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.86 per share for the quarter, up from their prior forecast of $0.85. The consensus estimate for Church & Dwight’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Church & Dwight’s FY2024 earnings at $3.41 EPS, Q3 2025 earnings at $0.93 EPS, FY2025 earnings at $3.66 EPS and FY2026 earnings at $4.05 EPS.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Several other brokerages also recently weighed in on CHD. UBS Group lifted their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target for the company. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Friday, February 23rd. Royal Bank of Canada boosted their target price on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Finally, Bank of America boosted their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $103.27.

Church & Dwight Stock Performance

Shares of CHD opened at $104.35 on Thursday. The firm has a market capitalization of $25.45 billion, a P/E ratio of 34.33, a PEG ratio of 3.43 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The business has a fifty day moving average of $102.01 and a 200 day moving average of $96.50. Church & Dwight has a one year low of $82.25 and a one year high of $105.67.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a dividend of $0.2838 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.09%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is presently 37.17%.

Insider Activity

In other news, CFO Richard A. Dierker sold 24,380 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $103.61, for a total transaction of $2,526,011.80. Following the sale, the chief financial officer now owns 7,634 shares in the company, valued at $790,958.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 112,719 shares in the company, 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, CFO Richard A. Dierker sold 24,380 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $103.61, for a total value of $2,526,011.80. Following the sale, the chief financial officer now directly owns 7,634 shares in the company, valued at $790,958.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 373,052 shares of company stock worth $38,603,796. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Simplicity Solutions LLC grew its holdings in Church & Dwight by 69.5% in the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after purchasing an additional 10,762 shares during the period. Crown Oak Advisors LLC purchased a new stake in shares of Church & Dwight during the fourth quarter worth $10,142,000. Assenagon Asset Management S.A. grew its stake in Church & Dwight by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after acquiring an additional 41,804 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Church & Dwight by 1,474.7% in the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock valued at $21,379,000 after purchasing an additional 218,501 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Church & Dwight by 21.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 109,150 shares of the company’s stock valued at $10,213,000 after buying an additional 19,246 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.