Q3 2017 Earnings Estimate for Church & Dwight Company, Inc. Issued By Jefferies Group (CHD)
Church & Dwight Company, Inc. (NYSE:CHD) – Investment analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for shares of Church & Dwight in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings of $0.47 per share for the quarter, down from their prior forecast of $0.51. Jefferies Group currently has a “Buy” rating and a $63.00 target price on the stock. Jefferies Group also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.55 EPS.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.
CHD has been the topic of several other reports. Zacks Investment Research downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. UBS AG reaffirmed a “sell” rating and issued a $46.00 price objective (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. BMO Capital Markets set a $50.00 price objective on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Morgan Stanley downgraded shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight in a report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.90.
Church & Dwight (NYSE CHD) opened at 50.39 on Monday. Church & Dwight has a 52 week low of $42.56 and a 52 week high of $54.18. The stock has a market cap of $12.56 billion, a PE ratio of 27.54 and a beta of 0.57. The stock’s 50 day moving average is $52.83 and its 200 day moving average is $50.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.
Several large investors have recently modified their holdings of CHD. BlackRock Inc. boosted its stake in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares during the period. State Street Corp boosted its stake in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after buying an additional 2,769,003 shares during the period. Vanguard Group Inc. boosted its stake in shares of Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock worth $1,368,388,000 after buying an additional 1,054,013 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Church & Dwight by 974.9% in the first quarter. Renaissance Technologies LLC now owns 692,230 shares of the company’s stock worth $34,522,000 after buying an additional 627,830 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Church & Dwight by 46.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,531,483 shares of the company’s stock worth $76,375,000 after buying an additional 483,620 shares during the period. Institutional investors and hedge funds own 82.05% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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