Zacks: Analysts Expect Campbell Soup (CPB) to Announce $0.71 EPS
Analysts expect Campbell Soup (NYSE:CPB) to post earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Campbell Soup’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.67. Campbell Soup reported earnings per share of $1.00 in the same quarter last year, which indicates a negative year-over-year growth rate of 29%. The business is expected to report its next earnings report on Friday, February 15th.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.50. For the next fiscal year, analysts expect that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.60 to $2.71. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, November 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue was up 24.7% on a year-over-year basis.
Shares of CPB stock traded up $0.56 during mid-day trading on Friday, reaching $35.04. The company’s stock had a trading volume of 2,341,214 shares, compared to its average volume of 3,060,614. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $48.10. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.50 and a beta of 0.39. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.35 and a current ratio of 0.69.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Wednesday, January 9th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, January 8th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
Several hedge funds and other institutional investors have recently modified their holdings of CPB. Csenge Advisory Group bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $33,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Campbell Soup by 367.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after purchasing an additional 2,822 shares during the last quarter. Exane Derivatives bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $138,000. Tower Research Capital LLC TRC boosted its stake in shares of Campbell Soup by 766.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after purchasing an additional 3,067 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $150,000. 53.12% of the stock is currently owned by institutional investors.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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