Church & Dwight Company, Inc. (CHD) Expected to Post Quarterly Sales of $936.12 Million
Wall Street analysts predict that Church & Dwight Company, Inc. (NYSE:CHD) will announce sales of $936.12 million for the current quarter, according to Zacks. Ten analysts have made estimates for Church & Dwight’s earnings, with estimates ranging from $920.27 million to $954.44 million. Church & Dwight reported sales of $870.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Church & Dwight will report full year sales of $936.12 million for the current fiscal year, with estimates ranging from $3.63 billion to $3.76 billion. For the next year, analysts forecast that the company will report sales of $4.01 billion per share, with estimates ranging from $3.77 billion to $4.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Church & Dwight.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ 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 $898.00 million for the quarter, compared to analyst estimates of $903.87 million. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.
Several brokerages recently weighed in on CHD. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price (up from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, May 19th. Macquarie started coverage on shares of Church & Dwight in a research report on Friday. They issued a “neutral” rating and a $52.00 target price on the stock. BidaskClub raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, BMO Capital Markets set a $50.00 target price on shares of Church & Dwight and gave the company a “hold” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and an average target price of $51.14.
Shares of Church & Dwight (NYSE:CHD) traded up 1.55% during trading on Friday, hitting $50.43. 2,644,107 shares of the stock were exchanged. Church & Dwight has a one year low of $42.56 and a one year high of $54.18. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 29.82 and a beta of 0.60. The stock’s 50 day moving average price is $50.29 and its 200-day moving average price is $50.92.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.
In related news, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the sale, the director now directly owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,858 shares of company stock valued at $9,996,631. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Church & Dwight by 1.3% in the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after purchasing an additional 345,265 shares during the period. BlackRock Inc. lifted its holdings in Church & Dwight by 2,267.4% in the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after acquiring an additional 18,639,877 shares during the last quarter. State Street Corp lifted its holdings in Church & Dwight by 23.1% in the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after acquiring an additional 2,769,003 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Church & Dwight by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after acquiring an additional 55,092 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Church & Dwight by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after acquiring an additional 208,604 shares during the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
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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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