Church & Dwight (NYSE:CHD – Get Rating) issued an update on its third quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.65-$0.65 for the period, compared to the consensus estimate of $0.66. The company issued revenue guidance of $1.30 billion-$1.30 billion, compared to the consensus revenue estimate of $1.35 billion. Church & Dwight also updated its FY 2022 guidance to $2.97-$2.97 EPS.
Church & Dwight Stock Down 1.1 %
Shares of NYSE:CHD traded down $0.79 during mid-day trading on Friday, hitting $74.41. 32,520 shares of the company traded hands, compared to its average volume of 1,521,455. The stock has a market cap of $18.07 billion, a P/E ratio of 23.87, a P/E/G 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 has a 12-month low of $74.16 and a 12-month high of $105.28. The stock has a 50-day moving average price of $86.14 and a two-hundred day moving average price of $91.95.
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 analysts’ expectations of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. Church & Dwight’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, equities research analysts forecast that Church & Dwight will post 2.97 earnings per share for the current year.
Church & Dwight Announces Dividend
Analyst Ratings Changes
Several research firms recently commented on CHD. Royal Bank of Canada reduced their target price on Church & Dwight from $94.00 to $92.00 and set a sector perform rating for the company in a research report on Monday, August 1st. Wells Fargo & Company cut their price objective on Church & Dwight from $95.00 to $90.00 and set an overweight rating for the company in a report on Wednesday, September 7th. Truist Financial lowered Church & Dwight from a buy rating to a hold rating in a research report on Thursday, September 8th. Credit Suisse Group lowered their price target on Church & Dwight from $100.00 to $92.00 and set a neutral rating for the company in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. upped their price target on Church & Dwight from $84.00 to $86.00 in a research report on Thursday, July 21st. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight currently has an average rating of Hold and a consensus price target of $91.64.
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 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 sale, the executive vice president now directly owns 6,259 shares in the company, valued at approximately $480,503.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Church & Dwight
Institutional investors and hedge funds have recently modified their holdings of the company. Merit Financial Group LLC raised its holdings in Church & Dwight by 4.7% in the 1st quarter. Merit Financial Group LLC now owns 4,473 shares of the company’s stock worth $444,000 after purchasing an additional 202 shares during the period. Wetherby Asset Management Inc. raised its holdings in Church & Dwight by 3.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 10,932 shares of the company’s stock worth $1,086,000 after purchasing an additional 340 shares during the period. Covestor Ltd raised its holdings in Church & Dwight by 62.7% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $93,000 after purchasing an additional 359 shares during the period. SVB Wealth LLC raised its holdings in Church & Dwight by 3.8% in the 1st quarter. SVB Wealth LLC now owns 11,576 shares of the company’s stock worth $1,150,000 after purchasing an additional 420 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Church & Dwight by 2.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 16,574 shares of the company’s stock worth $1,647,000 after purchasing an additional 473 shares during the period. 82.59% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Company Profile
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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