Campbell Soup (NYSE:CPB – Get Rating) issued its quarterly earnings data on Wednesday. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09, RTT News reports. Campbell Soup had a return on equity of 26.07% and a net margin of 11.23%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Campbell Soup updated its FY22 guidance to $2.75-2.85 EPS and its FY 2022 guidance to $2.75-$2.85 EPS.
Shares of NYSE CPB traded up $0.64 during mid-day trading on Friday, hitting $47.64. 32,888 shares of the stock were exchanged, compared to its average volume of 2,664,017. The company has a market cap of $14.37 billion, a P/E ratio of 14.95, a PEG ratio of 10.57 and a beta of 0.40. The stock’s fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $44.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.46 and a current ratio of 0.69. Campbell Soup has a twelve month low of $39.76 and a twelve month high of $51.94.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Thursday, July 7th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, July 6th. Campbell Soup’s payout ratio is 47.28%.
A number of research firms have weighed in on CPB. Royal Bank of Canada downgraded Campbell Soup from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $47.00 to $46.00 in a research report on Monday, March 28th. StockNews.com raised shares of Campbell Soup from a “hold” rating to a “buy” rating in a research note on Saturday, May 14th. Stifel Nicolaus increased their target price on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Campbell Soup from $47.00 to $49.00 in a report on Thursday. Finally, Credit Suisse Group increased their target price on shares of Campbell Soup to $46.00 in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.00.
Campbell Soup Company Profile (Get Rating)
Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
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