Church & Dwight Co., Inc. (CHD) Expected to Announce Earnings of $0.66 Per Share

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Equities analysts expect that Church & Dwight Co., Inc. (NYSE:CHD) will post earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Church & Dwight’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.64. Church & Dwight reported earnings per share of $0.63 in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The firm is scheduled to issue its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Church & Dwight will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.47. For the next year, analysts anticipate that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.69. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Church & Dwight.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

A number of analysts have commented on the stock. Bank of America reaffirmed an “underperform” rating and set a $66.00 target price (up from $58.00) on shares of Church & Dwight in a report on Thursday, December 6th. Wells Fargo & Co reaffirmed a “hold” rating and set a $62.00 target price on shares of Church & Dwight in a report on Thursday, February 21st. Morgan Stanley set a $58.00 target price on shares of Church & Dwight and gave the company a “sell” rating in a report on Thursday, December 20th. Credit Suisse Group assumed coverage on shares of Church & Dwight in a report on Wednesday, March 6th. They set a “neutral” rating and a $65.00 target price for the company. Finally, Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Monday, November 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $62.23.

CHD stock traded up $0.41 during midday trading on Friday, reaching $67.34. 527,672 shares of the company’s stock traded hands, compared to its average volume of 1,972,733. Church & Dwight has a 52-week low of $44.87 and a 52-week high of $69.49. The stock has a market cap of $16.49 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.24 and a beta of 0.22. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a $0.2275 dividend. The ex-dividend date was Thursday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.22. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.35%. Church & Dwight’s dividend payout ratio is 40.09%.

In other news, VP Richard A. Dierker sold 16,880 shares of the stock in a transaction on Monday, January 7th. The shares were sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the sale, the vice president now directly owns 18,776 shares of the company’s stock, valued at $1,243,910. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 139,320 shares of the stock in a transaction on Monday, January 14th. The stock was sold at an average price of $66.72, for a total transaction of $9,295,430.40. Following the completion of the sale, the executive vice president now directly owns 40,650 shares of the company’s stock, valued at $2,712,168. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sowell Financial Services LLC grew its stake in Church & Dwight by 2.8% during the fourth quarter. Sowell Financial Services LLC now owns 11,523 shares of the company’s stock valued at $758,000 after acquiring an additional 309 shares in the last quarter. Norges Bank purchased a new position in Church & Dwight during the fourth quarter valued at $110,532,000. Teacher Retirement System of Texas grew its stake in Church & Dwight by 7.0% during the fourth quarter. Teacher Retirement System of Texas now owns 798,099 shares of the company’s stock valued at $52,483,000 after acquiring an additional 52,467 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Church & Dwight by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 22,124 shares of the company’s stock valued at $1,455,000 after acquiring an additional 924 shares in the last quarter. Finally, FMR LLC grew its stake in Church & Dwight by 1.6% during the fourth quarter. FMR LLC now owns 2,250,362 shares of the company’s stock valued at $147,984,000 after acquiring an additional 35,414 shares in the last quarter. 81.78% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

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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Earnings History and Estimates for Church & Dwight (NYSE:CHD)

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