Q2 2024 EPS Estimates for Church & Dwight Co., Inc. Reduced by Zacks Research (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD) – Stock analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for shares of Church & Dwight in a research note issued to investors on Thursday, May 23rd. Zacks Research analyst R. Department now anticipates that the company will earn $0.83 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Church & Dwight’s current full-year earnings is $3.46 per share. Zacks Research also issued estimates for Church & Dwight’s Q4 2024 earnings at $0.82 EPS, FY2024 earnings at $3.45 EPS, FY2025 earnings at $3.68 EPS and Q1 2026 earnings at $0.99 EPS.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS.

Other analysts have also recently issued reports about the company. Royal Bank of Canada increased their price objective on Church & Dwight from $94.00 to $103.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. HSBC raised their price target on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Evercore ISI raised their price target on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Finally, Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.56.

Church & Dwight Stock Down 0.8 %

Shares of NYSE CHD opened at $106.46 on Friday. The stock has a market cap of $26.03 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.50 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight has a 52-week low of $82.25 and a 52-week high of $108.68. The business has a 50-day moving average price of $104.93 and a 200 day moving average price of $99.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments Inc increased its position in shares of Church & Dwight by 4.0% during the first quarter. Atria Investments Inc now owns 33,636 shares of the company’s stock worth $3,509,000 after acquiring an additional 1,288 shares during the last quarter. Swedbank AB bought a new stake in Church & Dwight in the first quarter valued at about $13,345,000. Sanibel Captiva Trust Company Inc. increased its holdings in Church & Dwight by 9.6% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 4,385 shares of the company’s stock valued at $457,000 after buying an additional 385 shares during the last quarter. Cim LLC increased its holdings in Church & Dwight by 1.2% in the first quarter. Cim LLC now owns 32,388 shares of the company’s stock valued at $3,378,000 after buying an additional 397 shares during the last quarter. Finally, Wahed Invest LLC increased its holdings in Church & Dwight by 14.8% in the first quarter. Wahed Invest LLC now owns 4,785 shares of the company’s stock valued at $499,000 after buying an additional 618 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. Insiders have sold 376,972 shares of company stock worth $39,133,366 over the last quarter. 2.00% of the stock is currently owned by insiders.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.