$935.94 Million in Sales Expected for Church & Dwight Company, Inc. (CHD) This Quarter
Wall Street brokerages expect Church & Dwight Company, Inc. (NYSE:CHD) to announce $935.94 million in sales for the current quarter, Zacks reports. Nine analysts have made estimates for Church & Dwight’s earnings. The lowest sales estimate is $922.00 million and the highest is $954.44 million. Church & Dwight posted sales of $870.70 million in the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Church & Dwight will report full-year sales of $935.94 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 firm will report sales of $4.01 billion per share, with estimates ranging from $3.77 billion to $4.13 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Church & Dwight.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $898.00 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share.
A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. UBS AG reissued a “sell” rating and issued a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a research note 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 research note on Monday, July 17th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Bank of America Corporation boosted their price target on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a report on Monday, July 10th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.26.
In related news, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares in the company, valued at approximately $2,331,304.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the sale, the director now owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Insiders sold a total of 198,858 shares of company stock worth $9,996,631 in the last 90 days. 2.00% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of CHD. BlackRock Inc. grew its stake in shares of Church & Dwight by 2,267.4% in the 1st 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 last quarter. State Street Corp grew its stake in shares of Church & Dwight by 23.1% in the 1st 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 last quarter. Renaissance Technologies LLC grew its stake in shares of Church & Dwight by 158.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after buying an additional 1,099,670 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Church & Dwight by 48.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock worth $77,168,000 after buying an additional 486,634 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $22,100,000. Institutional investors own 79.52% of the company’s stock.
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Shares of Church & Dwight (CHD) opened at 46.18 on Monday. The stock has a 50 day moving average price of $48.56 and a 200 day moving average price of $50.58. The firm has a market cap of $11.52 billion, a PE ratio of 27.31 and a beta of 0.60. Church & Dwight has a 52 week low of $42.56 and a 52 week high of $54.18.
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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