Church & Dwight Company, Inc. Expected to Post Q3 2017 Earnings of $0.47 Per Share (CHD)
Church & Dwight Company, Inc. (NYSE:CHD) – Stock analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for Church & Dwight in a report issued on Thursday. Jefferies Group analyst K. Grundy now expects that the company will earn $0.47 per share for the quarter, down from their previous estimate of $0.51. Jefferies Group has a “Buy” rating and a $63.00 price objective on the stock. Jefferies Group also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.55 EPS.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS.
A number of other equities analysts have also commented on CHD. UBS AG reaffirmed a “sell” rating and issued a $46.00 price target (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC set a $49.00 price target on Church & Dwight and gave the stock a “sell” rating in a report on Sunday. BidaskClub lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.07.
Church & Dwight (NYSE:CHD) opened at 49.70 on Monday. The firm has a market capitalization of $12.39 billion, a PE ratio of 27.16 and a beta of 0.57. The firm has a 50-day moving average price of $52.70 and a 200 day moving average price of $50.35. Church & Dwight has a one year low of $42.56 and a one year high of $54.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s dividend payout ratio is 44.97%.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares in the company, valued at $2,331,304.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock worth $1,368,388,000 after buying an additional 1,054,013 shares during the last quarter. BlackRock Inc. increased its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares during the last quarter. State Street Corp increased its stake in Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Bessemer Group Inc. increased its stake in Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after buying an additional 55,092 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock worth $144,473,000 after buying an additional 208,604 shares during the last quarter. Institutional investors and hedge funds own 82.05% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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