Campbell Soup (CPB) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Campbell Soup (NYSE:CPB) issued its quarterly earnings data on Monday. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.03, Analyst Ratings Network reports. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.00 billion.
Shares of Campbell Soup (NYSE:CPB) opened at 45.12 on Monday. Campbell Soup has a 52-week low of $38.30 and a 52-week high of $48.83. The stock’s 50-day moving average is $44.9 and its 200-day moving average is $42.8. The company has a market cap of $14.156 billion and a price-to-earnings ratio of 27.52.
CPB has been the subject of a number of recent research reports. Analysts at ING reiterated a “buy” rating on shares of Campbell Soup in a research note on Friday. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Campbell Soup in a research note on Thursday. They now have a $42.00 price target on the stock, up previously from $41.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $37.00 to $39.00 in a research note on Monday, April 28th. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup has a consensus rating of “Hold” and a consensus target price of $41.33.
Campbell Soup Company (NYSE:CPB), together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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