William Blair Brokers Cut Earnings Estimates for Church & Dwight Company, Inc. (CHD)
Church & Dwight Company, Inc. (NYSE:CHD) – Analysts at William Blair dropped their Q3 2017 earnings estimates for Church & Dwight in a report released on Thursday. William Blair analyst J. Andersen now anticipates that the company will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.52. William Blair also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.53 EPS.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS.
Several other equities research analysts also recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 target price on shares of Church & Dwight in a report on Thursday. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG reaffirmed a “sell” rating and set a $48.00 target price (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Finally, Bank of America Corporation upped their target price on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a report on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.90.
Shares of Church & Dwight (CHD) opened at 50.39 on Monday. The company’s 50-day moving average price is $52.83 and its 200-day moving average price is $50.32. The stock has a market cap of $12.56 billion, a PE ratio of 27.54 and a beta of 0.57. Church & Dwight has a 52-week low of $42.56 and a 52-week high of $54.18.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s payout ratio is 44.97%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHD. Westside Investment Management Inc. acquired a new position in Church & Dwight during the first quarter valued at $149,000. Parallel Advisors LLC raised 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 valued at $161,000 after buying an additional 1,150 shares during the last quarter. Clean Yield Group acquired a new position in Church & Dwight during the first quarter valued at $178,000. Van ECK Associates Corp raised 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 valued at $190,000 after buying an additional 288 shares during the last quarter. Finally, FTB Advisors Inc. raised 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 valued at $195,000 after buying an additional 3,725 shares during the last quarter. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Company Profile
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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