Church & Dwight (NYSE:CHD) Releases FY 2022 Earnings Guidance

Church & Dwight (NYSE:CHDGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.97-$2.97 for the period, compared to the consensus estimate of $3.02. The company issued revenue guidance of $5.29 billion-$5.40 billion, compared to the consensus revenue estimate of $5.43 billion. Church & Dwight also updated its Q3 2022 guidance to $0.65-$0.65 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Church & Dwight from $86.00 to $82.00 and set an underweight rating for the company in a research note on Monday, August 1st. Credit Suisse Group dropped their target price on shares of Church & Dwight from $100.00 to $92.00 and set a neutral rating on the stock in a report on Wednesday, September 7th. Wells Fargo & Company dropped their target price on shares of Church & Dwight from $95.00 to $90.00 and set an overweight rating on the stock in a report on Wednesday, September 7th. Truist Financial cut shares of Church & Dwight from a buy rating to a hold rating in a report on Thursday, September 8th. Finally, Barclays dropped their target price on shares of Church & Dwight from $76.00 to $73.00 and set an underweight rating on the stock in a report on Wednesday, September 7th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $91.64.

Church & Dwight Trading Down 1.1 %

Shares of CHD traded down $0.79 during midday trading on Friday, hitting $74.41. The stock had a trading volume of 32,520 shares, compared to its average volume of 1,521,455. Church & Dwight has a fifty-two week low of $74.16 and a fifty-two week high of $105.28. The business has a 50-day simple moving average of $86.14 and a two-hundred day simple moving average of $91.95. The firm has a market cap of $18.07 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 3.73 and a beta of 0.35. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59.

Church & Dwight (NYSE:CHDGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. As a group, equities analysts forecast that Church & Dwight will post 2.97 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, August 12th. Church & Dwight’s payout ratio is presently 33.33%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 5,000 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.77, for a total transaction of $383,850.00. Following the transaction, the executive vice president now owns 6,259 shares in the company, valued at $480,503.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd boosted its stake in Church & Dwight by 62.7% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $93,000 after buying an additional 359 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Church & Dwight by 54.6% in the first quarter. Brown Brothers Harriman & Co. now owns 1,702 shares of the company’s stock valued at $169,000 after buying an additional 601 shares during the last quarter. Fund Management at Engine No. 1 LLC bought a new position in shares of Church & Dwight in the first quarter valued at about $203,000. Eudaimonia Partners LLC bought a new stake in Church & Dwight during the 1st quarter worth about $205,000. Finally, Wellington Management Group LLP bought a new stake in Church & Dwight during the 1st quarter worth about $208,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

About Church & Dwight

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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

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