Church & Dwight (NYSE:CHD) Updates Q2 Earnings Guidance

Church & Dwight (NYSE:CHDGet Rating) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. Church & Dwight also updated its FY22 guidance to ~$3.14 EPS.

A number of research firms have weighed in on CHD. StockNews.com began coverage on shares of Church & Dwight in a research note on Thursday, March 31st. They set a hold rating for the company. Morgan Stanley raised their price objective on shares of Church & Dwight from $80.00 to $86.00 and gave the company an underweight rating in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $97.00 to $100.00 and gave the company a hold rating in a research note on Monday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $87.00 to $85.00 and set an underweight rating for the company in a research note on Wednesday, March 30th. Finally, Stifel Nicolaus raised their price target on shares of Church & Dwight from $92.00 to $99.00 and gave the company a hold rating in a report on Monday, January 31st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight has an average rating of Hold and a consensus target price of $99.38.

Shares of CHD traded down $2.84 on Friday, reaching $97.56. The company’s stock had a trading volume of 1,669,877 shares, compared to its average volume of 1,117,537. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.59 and a quick ratio of 0.34. The stock has a market capitalization of $23.68 billion, a P/E ratio of 29.93, a PEG ratio of 4.08 and a beta of 0.43. The stock’s 50 day simple moving average is $99.64 and its two-hundred day simple moving average is $96.96. Church & Dwight has a 12-month low of $80.76 and a 12-month high of $105.28.

Church & Dwight (NYSE:CHDGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Church & Dwight had a net margin of 15.94% and a return on equity of 22.72%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Church & Dwight will post 3.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, May 13th. Church & Dwight’s payout ratio is 32.21%.

In other Church & Dwight news, Director Penry W. Price sold 16,718 shares of the firm’s stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $98.39, for a total transaction of $1,644,884.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Forum Financial Management LP bought a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $273,000. EverSource Wealth Advisors LLC bought a new stake in Church & Dwight in the fourth quarter worth $29,000. EP Wealth Advisors LLC increased its position in Church & Dwight by 8.0% in the fourth quarter. EP Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $363,000 after purchasing an additional 261 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Church & Dwight in the fourth quarter worth $2,314,000. Finally, Toroso Investments LLC increased its position in Church & Dwight by 17.7% in the fourth quarter. Toroso Investments LLC now owns 4,615 shares of the company’s stock worth $473,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About Church & Dwight (Get Rating)

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.

See Also

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

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