SunTrust Banks Analysts Cut Earnings Estimates for Church & Dwight Company, Inc. (CHD)
Church & Dwight Company, Inc. (NYSE:CHD) – SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for Church & Dwight in a research report issued on Thursday. SunTrust Banks analyst W. Chappell now expects that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.52. SunTrust Banks also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.59 EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. UBS AG restated a “sell” rating and issued a $46.00 target price (up from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and issued a $59.00 target price on shares of Church & Dwight in a research note on Tuesday, June 13th. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the company a “hold” rating in a research note on Monday, July 17th. Finally, Morgan Stanley downgraded Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $50.90.
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Shares of Church & Dwight (NYSE CHD) opened at 50.39 on Monday. Church & Dwight has a one year low of $42.56 and a one year high of $54.18. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 27.54 and a beta of 0.57. The stock has a 50 day moving average price of $52.83 and a 200-day moving average price of $50.32.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. bought a new position in Church & Dwight during the first quarter worth about $149,000. Parallel Advisors LLC increased its position in Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares during the period. Clean Yield Group bought a new position in Church & Dwight during the first quarter worth about $178,000. Van ECK Associates Corp increased its position in Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after buying an additional 288 shares during the period. Finally, FTB Advisors Inc. increased its position in Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 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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