Church & Dwight Co., Inc. (NYSE:CHD) Forecasted to Earn Q2 2024 Earnings of $0.90 Per Share

Church & Dwight Co., Inc. (NYSE:CHD) – Equities researchers at Zacks Research reduced their Q2 2024 EPS estimates for shares of Church & Dwight in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.90 for the quarter, down from their prior forecast of $0.91. The consensus estimate for Church & Dwight’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Church & Dwight’s Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.94 EPS and Q4 2025 earnings at $0.91 EPS.

Several other research analysts have also commented on the stock. Stifel Nicolaus lifted their price objective on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. Truist Financial increased their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Argus upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, February 23rd. Barclays upped their target price on Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Finally, Oppenheimer raised their price target on Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $103.27.

Church & Dwight Stock Performance

NYSE CHD opened at $104.35 on Friday. The business’s 50 day moving average price is $102.01 and its 200-day moving average price is $96.50. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $105.67. The company has a market cap of $25.45 billion, a P/E ratio of 34.33, a P/E/G ratio of 3.43 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds and other institutional investors have recently bought and sold shares of CHD. Game Plan Financial Advisors LLC acquired a new position in shares of Church & Dwight during the first quarter worth $26,000. Roble Belko & Company Inc acquired a new stake in Church & Dwight in the first quarter worth about $31,000. Chilton Capital Management LLC grew its stake in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the last quarter. Harbour Investments Inc. grew its position in Church & Dwight by 1,033.3% during the 4th quarter. Harbour Investments Inc. now owns 340 shares of the company’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in Church & Dwight during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $451,551.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 2.00% of the company’s stock.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.2838 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s payout ratio is currently 37.17%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.