FY2019 Earnings Forecast for Church & Dwight Company, Inc. Issued By Jefferies Group (CHD)
Church & Dwight Company, Inc. (NYSE:CHD) – Analysts at Jefferies Group raised their FY2019 earnings per share estimates for Church & Dwight in a report released on Thursday. Jefferies Group analyst K. Grundy now expects that the company will post earnings per share of $2.36 for the year, up from their previous estimate of $2.35. Jefferies Group has a “Buy” rating and a $63.00 price objective on the stock.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business had revenue of $898.00 million during the quarter, compared to analysts’ expectations of $903.87 million. During the same period in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/23/fy2019-earnings-forecast-for-church-dwight-company-inc-issued-by-jefferies-group-chd.html.
Several other research analysts have also commented on the company. Macquarie initiated coverage on Church & Dwight in a research report on Friday, September 15th. They set a “neutral” rating and a $52.00 price target for the company. Bank of America Corporation raised their price target on Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a research report on Monday, July 10th. Zacks Investment Research lowered Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Church & Dwight in a research report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Church & Dwight has an average rating of “Hold” and a consensus target price of $51.26.
Shares of Church & Dwight (NYSE CHD) opened at 46.18 on Monday. The stock has a market capitalization of $11.52 billion, a PE ratio of 27.31 and a beta of 0.60. Church & Dwight has a one year low of $42.56 and a one year high of $54.18. The firm has a 50 day moving average price of $48.56 and a 200 day moving average price of $50.58.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight 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 completion of the sale, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares of the company’s stock, valued at $223,657.86. 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 currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Church & Dwight by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after buying an additional 345,265 shares during the last quarter. BlackRock Inc. lifted its holdings in Church & Dwight by 2,267.4% during 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 lifted its holdings in Church & Dwight by 23.1% during 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. Bessemer Group Inc. lifted its holdings in Church & Dwight by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after buying an additional 55,092 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Church & Dwight by 13.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock worth $87,003,000 after buying an additional 207,400 shares during the last quarter. 79.52% of the stock is owned by institutional investors.
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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