Oppenheimer analysts cut earnings estimates for Church & Dwight Co., Inc. (NYSE: CHD)
Church & Dwight Co., Inc. (NYSE: CHD) – Oppenheimer research analysts lowered their FY2021 EPS estimates for Church & Dwight in a research report released to clients and investors on Wednesday 27 October. Oppenheimer analyst R. Parikh now predicts the company will post earnings per share of $ 2.94 for the year, down from its previous estimate of $ 2.98. Oppenheimer also released estimates for Church & Dwight’s earnings for fiscal 2022 at $ 3.18 per share.
Other equity research analysts have also recently published research reports on the company. Wells Fargo & Company lowered its price target for Church & Dwight from $ 92.00 to $ 89.00 and set an “equal weight” rating to the stock in a report released on Tuesday, September 28. 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. Raymond James demoted Church & Dwight from a “market performance” rating to an “underperformance” rating in a report released on Tuesday, July 13. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Church & Dwight from $ 94.00 to $ 90.00 and set a “conservation” rating for the company in a research note on Wednesday, October 20. Three equity research analysts gave the stock a sell rating, three issued a conservation rating, and three gave the company a buy rating. According to data from MarketBeat, the stock currently has an average “Hold” rating and a consensus price target of $ 89.25.
CHD stock opened at $ 84.08 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.42 and a debt ratio of 0.45. The company has a market cap of $ 20.65 billion, a PE ratio of 26.36, a P / E / G ratio of 3.44 and a beta of 0.39. Church & Dwight has a 12 month low of $ 77.62 and a 12 month high of $ 91.86. The company’s fifty-day average mobile price is $ 83.66 and its 200-day average mobile price is $ 85.36. Church & Dwight (NYSE: CHD) last released its results on Thursday, July 29. The company reported EPS of $ 0.76 for the quarter, beating the Zacks consensus estimate of $ 0.70 by $ 0.06. Church & Dwight recorded a return on equity of 22.20% and a net margin of 15.96%. The company posted revenue of $ 1.27 billion for the quarter, compared to a consensus estimate of $ 1.26 billion. In the same quarter of the previous year, the company achieved earnings per share of $ 0.77. The company’s revenue for the quarter increased 6.4% year-over-year.
Hedge funds have recently changed their holdings in the company. Strategic Blueprint LLC acquired a new stake in Church & Dwight shares in the second quarter valued at approximately $ 25,000. Pinebridge Investments LP increased its holdings of Church & Dwight shares by 141.3% in the 1st quarter. Pinebridge Investments LP now owns 292 shares of the company valued at $ 26,000 after acquiring 171 additional shares during the period. Eagle Bay Advisors LLC acquired a new stake in Church & Dwight shares in the second quarter valued at approximately $ 27,000. Capital Analysts LLC increased its stake in Church & Dwight by 244.1% during the 2nd quarter. Capital Analysts LLC now owns 320 shares of the company valued at $ 27,000 after purchasing an additional 227 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Church & Dwight during the 1st quarter for a value of $ 35,000. 80.50% of the shares are held by institutional investors and hedge funds.
In other Church & Dwight news, director Robert K. Shearer sold 14,660 shares of the company in a trade that took place on Friday, August 20. The stock was sold at an average price of $ 86.60, for a total trade of $ 1,269,556.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Additionally, CMO Britta Bomhard sold 38,738 shares of the company in a trade that took place on Friday August 20. The shares were sold for an average price of $ 86.68, for a total value of $ 3,357,809.84. As a result of the sale, the Marketing Director now directly owns 7,846 shares of the company, valued at $ 680,091.28. Disclosure of this sale can be found here. Insiders have sold a total of 94,073 shares of the company valued at $ 8,108,739 in the past three months. Company insiders own 2.00% of the company’s shares.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1. Shareholders of record on Monday, November 15 will receive a dividend of $ 0.2525. This represents an annualized dividend of $ 1.01 and a dividend yield of 1.20%. Church & Dwight’s payout ratio is currently 35.69%.
About Church & Dwight
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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