Campbell Soup Company (CPB) Scheduled to Post Quarterly Earnings on Tuesday
Campbell Soup Company (NYSE:CPB) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 21st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Campbell Soup has set its FY18 guidance at $3.04 to $3.11 EPS.
Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, analysts expect Campbell Soup to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Campbell Soup Company (NYSE CPB) opened at $49.72 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The company has a market cap of $15,380.00, a PE ratio of 15.83, a price-to-earnings-growth ratio of 3.51 and a beta of 0.38. Campbell Soup Company has a 12-month low of $44.99 and a 12-month high of $64.23.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is 48.44%.
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In related news, insider Luca Mignini bought 4,300 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the purchase, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is owned by company insiders.
A number of research analysts have commented on CPB shares. Piper Jaffray Companies reissued a “neutral” rating and set a $50.00 target price (down previously from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. UBS AG lowered their price target on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a report on Thursday, November 9th. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Morgan Stanley lowered their price target on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, October 13th. Finally, The Goldman Sachs Group, Inc. lowered their price target on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $50.55.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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