Zacks: Brokerages Expect Church & Dwight Co., Inc. (CHD) to Post $0.54 EPS
Equities analysts forecast that Church & Dwight Co., Inc. (NYSE:CHD) will announce $0.54 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Church & Dwight’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.53. Church & Dwight reported earnings per share of $0.49 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.2%. The business is scheduled to announce its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Church & Dwight will report full-year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.26 to $2.29. For the next fiscal year, analysts anticipate that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.42 to $2.51. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Church & Dwight.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $0.41 EPS. Church & Dwight’s revenue for the quarter was up 14.5% compared to the same quarter last year.
In other news, Director Arthur B. Winkleblack sold 8,058 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $55.94, for a total value of $450,764.52. Following the completion of the sale, the director now owns 75,187 shares of the company’s stock, valued at approximately $4,205,960.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Richard A. Dierker sold 33,900 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.24, for a total value of $1,940,436.00. Following the completion of the sale, the vice president now directly owns 25,376 shares of the company’s stock, valued at approximately $1,452,522.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,995 shares of company stock valued at $11,511,841. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its holdings in shares of Church & Dwight by 80,441.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after buying an additional 5,897,971 shares during the last quarter. Global Retirement Partners LLC raised its stake in Church & Dwight by 24.0% in the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after acquiring an additional 1,765 shares during the period. Korea Investment CORP raised its stake in Church & Dwight by 20.8% in the 2nd quarter. Korea Investment CORP now owns 137,032 shares of the company’s stock valued at $7,285,000 after acquiring an additional 23,600 shares during the period. Commonwealth Bank of Australia raised its stake in Church & Dwight by 2,151.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 20,290 shares of the company’s stock valued at $1,074,000 after acquiring an additional 19,389 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in Church & Dwight in the 2nd quarter valued at $204,000. 81.14% of the stock is owned by institutional investors.
NYSE CHD opened at $55.89 on Tuesday. Church & Dwight has a 52-week low of $43.21 and a 52-week high of $58.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market cap of $13.68 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.44 and a beta of 0.43.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th will be given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 44.85%.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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