Church & Dwight Company, Inc. (CHD) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Church & Dwight Company, Inc. (NYSE:CHD) issued its earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02, Bloomberg Earnings reports. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $967.90 million during the quarter, compared to analysts’ expectations of $937.20 million. During the same quarter in the prior year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. Church & Dwight’s payout ratio is currently 44.97%.
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CHD has been the subject of several research analyst reports. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price (up previously from $59.00) on shares of Church & Dwight in a report on Thursday, July 6th. Bank of America Corporation increased their price target on shares of Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a research note on Monday, July 10th. BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. Finally, UBS AG reiterated a “sell” rating and set a $48.00 price target (up previously from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Church & Dwight has an average rating of “Hold” and a consensus target price of $51.26.
In other Church & Dwight news, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total value of $561,904.00. Following the completion of the transaction, the vice president now owns 4,458 shares of the company’s stock, valued at $223,657.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction on 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 transaction, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is currently owned by corporate insiders.
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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