Wall Street analysts expect that Campbell Soup Company (NYSE:CPB) will announce sales of $2.17 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Campbell Soup’s earnings. The lowest sales estimate is $2.16 billion and the highest is $2.18 billion. Campbell Soup reported sales of $2.20 billion during the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The company is expected to announce its next earnings report on Tuesday, November 28th.

According to Zacks, analysts expect that Campbell Soup will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $7.84 billion to $8.07 billion. For the next financial year, analysts expect that the business will post sales of $8.07 billion per share, with estimates ranging from $7.92 billion to $8.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Campbell Soup.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS.

Several equities analysts have commented on CPB shares. Royal Bank Of Canada downgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a research report on Sunday, September 3rd. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Sunday, September 3rd. UBS AG reissued a “sell” rating and set a $46.00 target price (down from $50.00) on shares of Campbell Soup in a research report on Friday, September 1st. Morgan Stanley reissued an “underweight” rating and set a $47.00 target price (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. Motco lifted its stake in shares of Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after buying an additional 1,600 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares during the period. Mercer Capital Advisers Inc. lifted its stake in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the period. Van ECK Associates Corp lifted its stake in shares of Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Campbell Soup by 6.1% in the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 44.29% of the company’s stock.

Campbell Soup (CPB) opened at 45.66 on Friday. The firm’s 50 day moving average price is $50.88 and its 200-day moving average price is $54.73. Campbell Soup has a 52 week low of $45.30 and a 52 week high of $64.23. The firm has a market cap of $13.83 billion, a PE ratio of 15.80 and a beta of 0.36.

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About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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