Church & Dwight (NYSE: CHD) Reports Quarterly Results
Church & Dwight (NYSE: CHD) released its quarterly results on Friday. The company reported earnings per share (EPS) of $ 0.80 for the quarter, beating the consensus estimate of $ 0.71 per $ 0.09, reports MarketWatch Earnings. The company posted revenue of $ 1.31 billion for the quarter, compared to analysts’ estimates of $ 1.28 billion. Church & Dwight recorded a return on equity of 22.20% and a net margin of 15.96%. The company’s quarterly revenue is up 5.7% from the same quarter last year. In the same quarter of last year, the company posted earnings per share of $ 0.70. Church & Dwight has updated its forecast for fiscal 2021 to $ 3,000 – $ 3,000 EPS and its guidance for the fourth quarter of 2021 to $ 0.610 – $ 0.610 EPS.
NYSE: CHD traded up $ 1.65 at midday on Friday, reaching $ 86.94. The stock had a trading volume of 56,646 shares, compared to its average volume of 1,347,792. The company has a leverage ratio of 0.45, a quick ratio of 0.42, and a current ratio of 0 , 82. The company has a market cap of $ 21.35 billion, a price / earnings ratio of 26.74, a PEG ratio of 3.44 and a beta of 0.39. Church & Dwight has a twelve month minimum of $ 77.62 and a twelve month maximum of $ 91.86. The company has a 50-day simple moving average of $ 83.66 and a 200-day simple moving average of $ 85.36.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1. Investors of record on Monday, November 15 will receive a dividend of $ 0.2525. The ex-dividend date is Friday, November 12. This represents a dividend of $ 1.01 on an annualized basis and a return of 1.16%. Church & Dwight’s payout ratio is currently 35.69%.
A number of stock analysts have recently published reports on the company. Deutsche Bank Aktiengesellschaft lowered its price target on Church & Dwight from $ 94.00 to $ 90.00 and set a “hold” rating on the stock in a report released on Wednesday, October 20. Raymond James downgraded Church & Dwight from a “market performance” rating to a “underperformance” rating in a report released on Tuesday, July 13. Credit Suisse Group lowered its price target on Church & Dwight from $ 102.00 to $ 100.00 and set an “outperformance” rating on the stock in a report released on Monday August 2. Finally, Wells Fargo & Company lowered its price target for Church & Dwight from $ 92.00 to $ 89.00 and set a “weight-for-par” rating on the stock in a report released on Tuesday, September 28. Three equity research analysts gave the stock a sell rating, three assigned a conservation rating, and three gave the company a buy rating. According to MarketBeat data, Church & Dwight has an average “Hold” rating and a consensus price target of $ 89.25.
In other news, CMO Britta Bomhard sold 38,738 shares of Church & Dwight in a trade on Friday, August 20. The stock was sold for an average price of $ 86.68, for a total value of $ 3,357,809.84. After the sale closes, the chief marketing officer now owns 7,846 shares of the company, valued at $ 680,091.28. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, director Robert K. Shearer sold 14,660 shares of Church & Dwight in a trade on Friday August 20. The shares were sold for an average price of $ 86.60, for a total value of $ 1,269,556.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 94,073 shares of the company valued at $ 8,108,739. Insiders own 2.00% of the shares of the company.
Church & Dwight Company Profile
Church & Dwight Co, Inc is engaged in the development, manufacture and market of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products; and personal care products, including antiperspirants, oral care products, hair removal products, reproductive health products, oral pain relievers, nasal saline moisturizers and dietary supplements.
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