Church & Dwight Company, Inc. (CHD) Updates FY17 Earnings Guidance
Church & Dwight Company, Inc. (NYSE:CHD) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of ~$1.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93.
A number of research firms have weighed in on CHD. Zacks Investment Research raised shares of Church & Dwight from a sell rating to a hold rating in a research report on Friday, October 20th. KeyCorp reissued a hold rating on shares of Church & Dwight in a research report on Monday, October 16th. Goldman Sachs Group, Inc. (The) reissued a sell rating on shares of Church & Dwight in a research report on Wednesday, October 4th. Macquarie began coverage on shares of Church & Dwight in a research report on Friday, September 15th. They issued a neutral rating and a $52.00 price objective for the company. Finally, BidaskClub raised shares of Church & Dwight from a sell rating to a hold rating in a research report on Saturday, August 19th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $51.26.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 annualized dividend and a yield of Infinity. Church & Dwight’s dividend payout ratio is 44.97%.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was 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 owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders sold a total of 198,858 shares of company stock worth $9,996,631 over the last 90 days. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
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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