$936.12 Million in Sales Expected for Church & Dwight Company, Inc. (CHD) This Quarter
Wall Street analysts forecast that Church & Dwight Company, Inc. (NYSE:CHD) will report $936.12 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Church & Dwight’s earnings, with the highest sales estimate coming in at $954.44 million and the lowest estimate coming in at $920.27 million. Church & Dwight posted sales of $870.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.
On average, 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 financial year, analysts expect that the business will post 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 a mean average based on a survey of sell-side research firms that that provide coverage for Church & Dwight.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the 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 business had revenue of $898.00 million during the quarter, compared to the consensus estimate of $903.87 million. During the same quarter in the previous year, the firm posted $0.85 EPS. Church & Dwight’s revenue was up 2.3% compared to the same quarter last year.
Several brokerages have recently issued reports on CHD. Jefferies Group LLC restated a “buy” rating and set a $60.00 price target (up previously from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Macquarie assumed coverage on Church & Dwight in a research note on Friday, September 15th. They issued a “neutral” rating and a $52.00 price objective on the stock. BidaskClub upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, BMO Capital Markets set a $50.00 price objective on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $51.24.
Church & Dwight (CHD) opened at 47.36 on Wednesday. The company has a market capitalization of $11.82 billion, a PE ratio of 28.01 and a beta of 0.60. The firm has a 50-day moving average of $49.48 and a 200 day moving average of $50.84. Church & Dwight has a 12-month low of $42.56 and a 12-month high of $54.18.
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In related news, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC increased its position in shares of Church & Dwight by 5.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after buying an additional 108 shares during the period. Tredje AP fonden purchased a new stake in shares of Church & Dwight in the second quarter worth about $140,000. Westside Investment Management Inc. purchased a new stake in shares of Church & Dwight in the first quarter worth about $149,000. Parallel Advisors LLC lifted its holdings in shares of 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 in the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Church & Dwight by 274.8% in the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock worth $163,000 after buying an additional 2,300 shares in the last quarter. 79.57% of the stock is owned by institutional investors and hedge funds.
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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