Church & Dwight (NYSE:CHD) Updates FY24 Earnings Guidance

Church & Dwight (NYSE:CHD) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.42-3.45 for the period, compared to the consensus earnings per share estimate of $3.46. The company issued revenue guidance of ~$6.07 billion, compared to the consensus revenue estimate of $6.13 billion. Church & Dwight also updated its Q3 guidance to $0.67 EPS.

Wall Street Analysts Forecast Growth

CHD has been the topic of several research reports. BNP Paribas initiated coverage on Church & Dwight in a report on Monday, June 24th. They issued a neutral rating and a $114.00 target price on the stock. Evercore ISI upped their target price on Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a report on Friday, May 3rd. Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, May 3rd. Oppenheimer lifted their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a research report on Tuesday, April 23rd. Finally, Barclays dropped their price objective on Church & Dwight from $82.00 to $80.00 and set an underweight rating for the company in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $106.88.

Church & Dwight Stock Performance

Church & Dwight stock opened at $100.01 on Friday. The stock’s 50 day moving average price is $104.84 and its 200 day moving average price is $103.38. The firm has a market capitalization of $24.45 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. Church & Dwight has a one year low of $82.25 and a one year high of $110.31.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. As a group, sell-side analysts expect that Church & Dwight will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.2838 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.13%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the transaction, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.