Equities analysts expect Church & Dwight (NYSE:CHD) to post sales of $978.99 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Church & Dwight’s earnings, with estimates ranging from $973.40 million to $987.03 million. Church & Dwight posted sales of $877.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, May 3rd.
On average, analysts expect that Church & Dwight will report full-year sales of $4.09 billion for the current financial year, with estimates ranging from $4.07 billion to $4.11 billion. For the next financial year, analysts expect that the business will post sales of $4.21 billion per share, with estimates ranging from $4.19 billion to $4.24 billion. Zacks Investment Research’s 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 announced its quarterly earnings data on Monday, February 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share.
CHD has been the subject of several recent research reports. Wells Fargo reissued a “hold” rating on shares of Church & Dwight in a research report on Monday, February 5th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, January 3rd. Oppenheimer raised Church & Dwight from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Wednesday, February 7th. Jefferies Group reissued a “buy” rating and set a $62.00 price objective on shares of Church & Dwight in a research report on Thursday, January 4th. Finally, CIBC raised Church & Dwight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and an average target price of $51.57.
In other news, Director James Craigie sold 396,400 shares of Church & Dwight stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $50.30, for a total value of $19,938,920.00. Following the completion of the transaction, the director now owns 324,517 shares of the company’s stock, valued at approximately $16,323,205.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Steven J. Katz sold 12,600 shares of Church & Dwight stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $50.66, for a total value of $638,316.00. Following the completion of the transaction, the vice president now directly owns 13,858 shares of the company’s stock, valued at approximately $702,046.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 444,508 shares of company stock valued at $22,359,201. 2.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Ledyard National Bank raised its position in Church & Dwight by 176.3% in the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock worth $147,000 after buying an additional 1,865 shares during the last quarter. Peak Asset Management LLC purchased a new position in Church & Dwight in the 4th quarter worth about $203,000. Hermes Investment Management Ltd. purchased a new position in Church & Dwight in the 4th quarter worth about $206,000. Delaney Dennis R purchased a new position in Church & Dwight in the 4th quarter worth about $241,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Church & Dwight in the 3rd quarter worth about $256,000. 83.56% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight stock traded down $2.88 on Monday, hitting $45.84. 4,550,252 shares of the stock traded hands, compared to its average volume of 1,642,107. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $11,884.87, a P/E ratio of 23.63, a P/E/G ratio of 2.15 and a beta of 0.39. Church & Dwight has a 1 year low of $43.21 and a 1 year high of $54.18.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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