Church & Dwight Co., Inc. (CHD) Expected to Announce Quarterly Sales of $1.04 Billion
Analysts expect Church & Dwight Co., Inc. (NYSE:CHD) to report sales of $1.04 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Church & Dwight’s earnings. The highest sales estimate is $1.04 billion and the lowest is $1.03 billion. Church & Dwight posted sales of $1.01 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The business is scheduled to report its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that Church & Dwight will report full year sales of $4.29 billion for the current year, with estimates ranging from $4.27 billion to $4.30 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.42 billion, with estimates ranging from $4.40 billion to $4.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Church & Dwight.
Church & Dwight (NYSE:CHD) last announced its earnings results on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share.
In other Church & Dwight news, VP Richard A. Dierker sold 16,880 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the sale, the vice president now owns 18,776 shares of the company’s stock, valued at $1,243,910. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maynadier Patrick D. De sold 139,320 shares of the firm’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $66.72, for a total value of $9,295,430.40. Following the completion of the sale, the executive vice president now directly owns 40,650 shares of the company’s stock, valued at approximately $2,712,168. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CHD. Oregon Public Employees Retirement Fund lifted its holdings in Church & Dwight by 15,536.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock valued at $64,000 after acquiring an additional 4,157,484 shares during the period. Morgan Stanley lifted its holdings in Church & Dwight by 425.0% in the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after acquiring an additional 3,882,426 shares during the period. Norges Bank purchased a new position in shares of Church & Dwight in the fourth quarter valued at $110,532,000. Capital International Investors increased its position in shares of Church & Dwight by 15.5% in the third quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock valued at $484,014,000 after buying an additional 1,094,100 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Church & Dwight by 5.6% in the fourth quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock valued at $1,330,311,000 after buying an additional 1,071,381 shares in the last quarter. 81.78% of the stock is owned by institutional investors.
Shares of CHD traded up $0.41 during mid-day trading on Tuesday, reaching $67.34. 527,672 shares of the company’s stock were exchanged, compared to its average volume of 1,972,733. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61. The firm has a market cap of $16.49 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22. Church & Dwight has a 52-week low of $44.87 and a 52-week high of $69.49.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were issued a $0.2275 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.91 dividend on an annualized basis and a yield of 1.35%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.22. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
Church & Dwight Company Profile
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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