Jefferies Financial Group Brokers Reduce Earnings Estimates for Church & Dwight Co., Inc. (NYSE:CHD)
Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) – Research analysts at Jefferies Financial Group lowered their Q3 2022 earnings per share estimates for shares of Church & Dwight in a note issued to investors on Sunday, July 31st. Jefferies Financial Group analyst K. Grundy now expects that the company will earn $0.66 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Church & Dwight’s current full-year earnings is $3.02 per share. Jefferies Financial Group also issued estimates for Church & Dwight’s FY2022 earnings at $3.03 EPS, FY2023 earnings at $3.40 EPS and FY2024 earnings at $3.77 EPS.
A number of other brokerages also recently issued reports on CHD. The Goldman Sachs Group lowered their price target on Church & Dwight from $104.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on Church & Dwight from $99.00 to $93.00 and set a “maintains” rating for the company in a research note on Monday. Truist Financial cut their target price on Church & Dwight from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada restated a “maintains” rating on shares of Church & Dwight in a research report on Monday. Finally, Morgan Stanley lowered their price target on Church & Dwight from $86.00 to $82.00 and set an “underweight” rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.00.
Church & Dwight Stock Up 0.6 %
Church & Dwight stock opened at $87.55 on Wednesday. Church & Dwight has a fifty-two week low of $80.34 and a fifty-two week high of $105.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.01. The company has a market cap of $21.25 billion, a PE ratio of 27.79, a PEG ratio of 3.66 and a beta of 0.34. The business’s 50-day simple moving average is $90.51 and its two-hundred day simple moving average is $96.01.
Church & Dwight (NYSE:CHD – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, August 12th. Church & Dwight’s dividend payout ratio is presently 33.33%.
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, Director Bradley C. Irwin sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total value of $685,020.00. Following the sale, the director now directly owns 41,636 shares in the company, valued at $4,074,498.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.
Institutional Trading of Church & Dwight
Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in Church & Dwight by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 352,592 shares of the company’s stock valued at $35,041,000 after buying an additional 8,881 shares in the last quarter. North Star Asset Management Inc. increased its position in shares of Church & Dwight by 1.5% during the fourth quarter. North Star Asset Management Inc. now owns 67,006 shares of the company’s stock worth $6,868,000 after purchasing an additional 1,002 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Church & Dwight by 0.3% during the fourth quarter. Mackenzie Financial Corp now owns 180,401 shares of the company’s stock worth $18,491,000 after purchasing an additional 453 shares in the last quarter. Addenda Capital Inc. increased its position in shares of Church & Dwight by 9.2% during the first quarter. Addenda Capital Inc. now owns 69,942 shares of the company’s stock worth $6,951,000 after purchasing an additional 5,868 shares in the last quarter. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Church & Dwight during the fourth quarter worth about $222,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.
About Church & Dwight
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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