Church & Dwight (NYSE:CHD) Releases Q3 Earnings Guidance

Church & Dwight (NYSE:CHD) updated its third quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.67 for the period, compared to the consensus estimate of $0.85. Church & Dwight also updated its FY24 guidance to $3.42-3.45 EPS.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer raised their target price on Church & Dwight from $110.00 to $120.00 and gave the company an outperform rating in a report on Tuesday, April 23rd. Barclays reduced their target price on Church & Dwight from $82.00 to $80.00 and set an underweight rating on the stock in a report on Friday, July 19th. HSBC raised their target price on Church & Dwight from $110.00 to $114.00 and gave the company a hold rating in a report on Friday, May 3rd. BNP Paribas began coverage on Church & Dwight in a report on Monday, June 24th. They set a neutral rating and a $114.00 price objective on the stock. Finally, Evercore ISI raised their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $106.88.

Church & Dwight Stock Performance

Church & Dwight stock opened at $100.01 on Friday. The stock’s 50 day simple moving average is $104.84 and its two-hundred day simple moving average is $103.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 3.19 and a beta of 0.52. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts expect that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.13%. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the transaction, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the transaction, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,346 shares of company stock worth $19,465,948. Insiders own 2.00% 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.