Church & Dwight Company, Inc. (CHD) Expected to Earn FY2017 Earnings of $1.91 Per Share
Church & Dwight Company, Inc. (NYSE:CHD) – Investment analysts at Oppenheimer Holdings cut their FY2017 earnings estimates for Church & Dwight in a research report issued on Friday. Oppenheimer Holdings analyst R. Parikh now expects that the company will post earnings per share of $1.91 for the year, down from their previous forecast of $1.92. Oppenheimer Holdings also issued estimates for Church & Dwight’s FY2019 earnings at $2.20 EPS.
Other research analysts also recently issued research reports about the company. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, July 7th. KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Monday, October 16th. UBS AG restated a “sell” rating and set a $48.00 price target (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, Bank of America Corporation boosted their price target on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a report on Monday, July 10th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.26.
Shares of Church & Dwight (CHD) opened at 45.17 on Monday. The company’s 50 day moving average price is $47.76 and its 200 day moving average price is $50.37. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 26.71 and a beta of 0.60. Church & Dwight has a 12 month low of $42.56 and a 12 month high of $54.18.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company had revenue of $898.00 million for the quarter, compared to analyst estimates of $903.87 million. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year.
In other news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,858 shares of company stock worth $9,996,631. Insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Church & Dwight by 4.0% in the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock worth $367,000 after purchasing an additional 270 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Church & Dwight by 2.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock worth $43,177,000 after purchasing an additional 21,399 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Church & Dwight in the 2nd quarter worth approximately $271,000. BlueCrest Capital Management Ltd bought a new stake in shares of Church & Dwight in the 2nd quarter worth approximately $2,103,000. Finally, Huntington National Bank boosted its position in shares of Church & Dwight by 3.1% in the 3rd quarter. Huntington National Bank now owns 726,553 shares of the company’s stock worth $35,202,000 after purchasing an additional 21,739 shares in the last quarter. 79.87% 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 a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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