Brokerages expect Church & Dwight Co., Inc. (NYSE:CHD) to post $1.14 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Church & Dwight’s earnings. The highest sales estimate is $1.15 billion and the lowest is $1.14 billion. Church & Dwight reported sales of $1.07 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Church & Dwight will report full-year sales of $4.36 billion for the current financial year, with estimates ranging from $4.35 billion to $4.39 billion. For the next fiscal year, analysts expect that the business will post sales of $4.62 billion, with estimates ranging from $4.56 billion to $4.67 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Church & Dwight.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Church & Dwight had a return on equity of 24.91% and a net margin of 14.33%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS.
A number of research analysts have commented on CHD shares. Oppenheimer set a $85.00 price objective on Church & Dwight and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley set a $70.00 price objective on Church & Dwight and gave the company a “hold” rating in a research report on Friday, November 1st. Citigroup upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price objective on the stock in a research report on Friday, November 1st. Jefferies Financial Group set a $86.00 price objective on Church & Dwight and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, ValuEngine lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and a consensus price target of $73.47.
CHD traded down $0.72 during mid-day trading on Monday, reaching $68.96. The stock had a trading volume of 2,699,900 shares, compared to its average volume of 1,619,104. The stock has a market capitalization of $16.53 billion, a P/E ratio of 30.38, a P/E/G ratio of 3.10 and a beta of 0.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.46 and a current ratio of 0.80. The firm’s fifty day simple moving average is $71.92 and its two-hundred day simple moving average is $74.62. Church & Dwight has a 52 week low of $59.64 and a 52 week high of $80.99.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 40.09%.
In other news, EVP Steven P. Cugine sold 22,200 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $79.89, for a total value of $1,773,558.00. Following the transaction, the executive vice president now owns 46,466 shares of the company’s stock, valued at approximately $3,712,168.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew Farrell purchased 7,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $71.32 per share, for a total transaction of $499,240.00. Following the purchase, the chief executive officer now owns 111,362 shares in the company, valued at $7,942,337.84. The disclosure for this purchase can be found here. In the last three months, insiders bought 9,124 shares of company stock worth $649,798. 2.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. raised its stake in Church & Dwight by 45.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 412,431 shares of the company’s stock worth $30,132,000 after buying an additional 129,350 shares during the period. Bank of Montreal Can raised its stake in Church & Dwight by 46.9% during the 2nd quarter. Bank of Montreal Can now owns 381,895 shares of the company’s stock worth $27,900,000 after buying an additional 121,871 shares during the period. GAM Holding AG raised its stake in Church & Dwight by 3.8% during the 2nd quarter. GAM Holding AG now owns 199,120 shares of the company’s stock worth $14,548,000 after buying an additional 7,239 shares during the period. Daiwa Securities Group Inc. raised its stake in Church & Dwight by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,594 shares of the company’s stock worth $701,000 after buying an additional 450 shares during the period. Finally, Sigma Planning Corp raised its stake in Church & Dwight by 24.3% during the 2nd quarter. Sigma Planning Corp now owns 10,472 shares of the company’s stock worth $765,000 after buying an additional 2,047 shares during the period. 81.19% of the stock is currently owned by institutional investors.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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