Church & Dwight (NYSE:CHD) Issues Earnings Results

Church & Dwight (NYSE:CHD) released its quarterly earnings results on Thursday. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10, Briefing.com reports. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Church & Dwight updated its Q2 guidance to $0.83 EPS.

Church & Dwight Stock Up 0.2 %

Shares of NYSE:CHD opened at $106.11 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.33. The company has a market capitalization of $25.88 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51. Church & Dwight has a 52-week low of $82.25 and a 52-week high of $108.68. The company has a fifty day moving average of $103.68 and a 200-day moving average of $97.76.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. Church & Dwight’s payout ratio is currently 35.87%.

Analyst Ratings Changes

CHD has been the topic of a number of research reports. Evercore ISI boosted their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. UBS Group raised their price target on Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.63.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 275,000 shares of the business’s 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 of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Insiders sold a total of 373,052 shares of company stock worth $38,603,796 in the last quarter. 2.00% of the stock is owned by insiders.

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.