Church & Dwight Company, Inc. (NYSE:CHD) Releases Q3 Earnings Guidance
Church & Dwight Company, Inc. (NYSE:CHD) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.52. Church & Dwight also updated its FY17 guidance to $1.92 EPS.
Several research firms recently issued reports on CHD. Zacks Investment Research cut Church & Dwight from a buy rating to a hold rating in a report on Tuesday, June 6th. UBS AG reiterated a sell rating and issued a $46.00 price target (up previously from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Jefferies Group LLC reiterated a buy rating and issued a $59.00 price target on shares of Church & Dwight in a report on Tuesday, June 13th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a hold rating in a report on Monday, July 17th. Finally, Morgan Stanley cut Church & Dwight from an equal weight rating to an underweight rating in a report on Tuesday, May 16th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $51.22.
Church & Dwight Company, Inc. (CHD) traded down 2.67% during trading on Friday, reaching $50.39. The company’s stock had a trading volume of 2,350,062 shares. The firm has a 50 day moving average price of $52.83 and a 200-day moving average price of $50.32. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 27.54 and a beta of 0.57. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Church & Dwight’s payout ratio is 44.97%.
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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