Brokerages Anticipate Church & Dwight Co., Inc. (NYSE:CHD) Will Post Earnings of $0.61 Per Share

Wall Street analysts predict that Church & Dwight Co., Inc. (NYSE:CHD) will announce $0.61 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Church & Dwight’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.60. Church & Dwight posted earnings of $0.58 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, October 31st.

According to Zacks, analysts expect that Church & Dwight will report full year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.47 to $2.51. For the next financial year, analysts forecast that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.66 to $2.80. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Church & Dwight.

Church & Dwight (NYSE:CHD) last announced its earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis.

Several research analysts have commented on CHD shares. ValuEngine cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer reiterated a “buy” rating on shares of Church & Dwight in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on shares of Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a report on Friday, September 27th. Finally, Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the stock a “buy” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $71.93.

NYSE CHD traded up $0.91 on Tuesday, hitting $76.05. 1,171,636 shares of the stock were exchanged, compared to its average volume of 2,379,848. The company has a quick ratio of 0.44, a current ratio of 0.78 and a debt-to-equity ratio of 0.69. Church & Dwight has a fifty-two week low of $54.46 and a fifty-two week high of $80.99. The company has a market cap of $18.57 billion, a PE ratio of 33.50, a PEG ratio of 3.44 and a beta of 0.13. The company has a 50-day moving average price of $76.27 and a 200-day moving average price of $74.64.

In other news, Director Bradley C. Irwin sold 16,718 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $78.96, for a total value of $1,320,053.28. Following the completion of the transaction, the director now owns 62,197 shares in the company, valued at approximately $4,911,075.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Penry W. Price bought 704 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $71.01 per share, with a total value of $49,991.04. Following the acquisition, the director now owns 20,053 shares in the company, valued at approximately $1,423,963.53. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,704 shares of company stock valued at $621,301 and sold 90,418 shares valued at $7,198,251. Corporate insiders own 2.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Northern Trust Corp raised its position in Church & Dwight by 2.7% in the 1st quarter. Northern Trust Corp now owns 2,948,593 shares of the company’s stock valued at $210,028,000 after buying an additional 77,370 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Church & Dwight by 45.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 412,431 shares of the company’s stock worth $30,132,000 after purchasing an additional 129,350 shares during the last quarter. GAM Holding AG increased its position in shares of Church & Dwight by 7.2% during the 1st quarter. GAM Holding AG now owns 191,881 shares of the company’s stock worth $13,668,000 after purchasing an additional 12,882 shares during the last quarter. Bank of Montreal Can increased its position in shares of Church & Dwight by 46.9% during the 2nd quarter. Bank of Montreal Can now owns 381,895 shares of the company’s stock worth $27,900,000 after purchasing an additional 121,871 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Church & Dwight by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,594 shares of the company’s stock worth $701,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages 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, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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

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