Equities research analysts predict that Church & Dwight Co., Inc. (NYSE:CHD) will announce $1.15 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Church & Dwight’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.17 billion. Church & Dwight posted sales of $1.08 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The firm is expected to issue its next earnings results on Wednesday, July 29th.
According to Zacks, analysts expect that Church & Dwight will report full year sales of $4.65 billion for the current financial year, with estimates ranging from $4.55 billion to $4.70 billion. For the next year, analysts anticipate that the firm will post sales of $4.78 billion, with estimates ranging from $4.67 billion to $4.85 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Church & Dwight.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.70 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis.
In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $71.60, for a total value of $1,145,600.00. Following the completion of the sale, the director now directly owns 61,154 shares in the company, valued at $4,378,626.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Craigie sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $71.17, for a total transaction of $14,234,000.00. Following the transaction, the director now directly owns 209,819 shares of the company’s stock, valued at approximately $14,932,818.23. The disclosure for this sale can be found here. Insiders sold 362,660 shares of company stock valued at $26,145,808 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Church & Dwight by 15.4% during the first quarter. The Manufacturers Life Insurance Company now owns 268,531 shares of the company’s stock valued at $17,235,000 after purchasing an additional 35,753 shares in the last quarter. Odey Asset Management Group Ltd bought a new position in shares of Church & Dwight during the first quarter valued at approximately $1,284,000. Prestige Wealth Management Group LLC increased its stake in shares of Church & Dwight by 49.9% during the first quarter. Prestige Wealth Management Group LLC now owns 601 shares of the company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Church & Dwight by 96.4% during the first quarter. Townsquare Capital LLC now owns 17,300 shares of the company’s stock valued at $1,233,000 after purchasing an additional 8,493 shares in the last quarter. Finally, Colony Group LLC increased its stake in shares of Church & Dwight by 115.8% during the first quarter. Colony Group LLC now owns 16,432 shares of the company’s stock valued at $1,055,000 after purchasing an additional 8,818 shares in the last quarter. 81.40% of the stock is owned by institutional investors and hedge funds.
Church & Dwight stock traded up $2.62 during trading on Wednesday, hitting $72.92. The stock had a trading volume of 1,788,100 shares, compared to its average volume of 1,884,378. Church & Dwight has a 1 year low of $47.98 and a 1 year high of $80.99. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $71.46 and its two-hundred day moving average is $70.60. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.23 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.24 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.96 annualized dividend and a yield of 1.32%. Church & Dwight’s dividend payout ratio (DPR) is presently 38.87%.
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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