Church & Dwight Company, Inc. (CHD) Issues Earnings Results
Church & Dwight Company, Inc. (NYSE:CHD) announced its earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02, Bloomberg Earnings reports. The company had revenue of $967.90 million during the quarter, compared to analysts’ expectations of $937.20 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. KeyCorp restated a “hold” rating on shares of Church & Dwight in a research report on Monday, October 16th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Church & Dwight in a research report on Wednesday, October 4th. Macquarie assumed coverage on shares of Church & Dwight in a research report on Friday, September 15th. They set a “neutral” rating and a $52.00 target price for the company. Finally, BidaskClub upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.26.
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In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Katz sold 11,200 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares of the company’s stock, valued at $223,657.86. The disclosure for this sale can be found here. Insiders have sold 198,858 shares of company stock valued at $9,996,631 over the last ninety days. Insiders own 2.00% of the company’s stock.
About Church & Dwight
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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