Church & Dwight (NYSE:CHD) Issues Q3 2024 Earnings Guidance

Church & Dwight (NYSE:CHD) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.670-0.670 for the period, compared to the consensus estimate of 0.850. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Church & Dwight also updated its FY 2024 guidance to 3.420-3.420 EPS.

Church & Dwight Trading Down 1.5 %

Shares of NYSE CHD traded down $1.46 during trading hours on Friday, reaching $98.55. The stock had a trading volume of 3,855,928 shares, compared to its average volume of 1,364,474. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 3.19 and a beta of 0.52. The business’s fifty day moving average price is $104.84 and its two-hundred day moving average price is $103.38. Church & Dwight has a 52-week low of $82.25 and a 52-week high of $110.31.

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

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.2838 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.15%. Church & Dwight’s payout ratio is 35.87%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CHD shares. Argus boosted their price target on Church & Dwight from $115.00 to $125.00 and gave the company a buy rating in a report on Tuesday, June 11th. TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They set a buy rating and a $116.00 target price for the company. Oppenheimer upped their target price on Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Evercore ISI upped their target price on Church & Dwight from $107.00 to $110.00 and gave the stock an in-line rating in a report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a buy rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $106.88.

Insider Activity at Church & Dwight

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

Church & Dwight Company Profile

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.