Church & Dwight Company, Inc. (NYSE:CHD) to Post Q3 2017 Earnings of $0.46 Per Share, SunTrust Banks Forecasts
Church & Dwight Company, Inc. (NYSE:CHD) – Investment analysts at SunTrust Banks cut their Q3 2017 earnings estimates for Church & Dwight in a research report issued on Thursday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.52. SunTrust Banks also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.59 EPS.
CHD has been the topic of several other research reports. Morgan Stanley cut Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, May 19th. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price (up previously from $59.00) on shares of Church & Dwight in a report on Thursday, July 6th. BidaskClub cut Church & Dwight from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.07.
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Shares of Church & Dwight (NYSE:CHD) opened at 49.70 on Monday. The firm has a 50-day moving average price of $52.70 and a 200-day moving average price of $50.35. The company has a market capitalization of $12.39 billion, a PE ratio of 27.16 and a beta of 0.57. Church & Dwight has a 1-year low of $42.56 and a 1-year high of $54.18.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
In other news, EVP Steven P. Cugine sold 177,940 shares of the company’s 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 transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors have recently modified their holdings of CHD. LaFleur & Godfrey LLC purchased a new position in shares of Church & Dwight during the first quarter valued at about $5,696,000. BB&T Securities LLC raised its position in shares of Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock valued at $14,005,000 after buying an additional 228,629 shares during the period. Feltz Wealth PLAN Inc. purchased a new position in shares of Church & Dwight during the first quarter valued at about $536,000. Parametrica Management Ltd purchased a new position in shares of Church & Dwight during the first quarter valued at about $268,000. Finally, BlackRock Inc. raised its position in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the period. 82.05% of the stock is currently owned by institutional investors and hedge funds.
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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