Wall Street brokerages predict that Campbell Soup (NYSE:CPB) will post $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. Campbell Soup posted earnings of $0.52 per share in the same quarter last year, which would suggest a negative year over year growth rate of 51.9%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 30th.

On average, analysts expect that Campbell Soup will report full-year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.85 to $2.88. For the next fiscal year, analysts anticipate that the business will post earnings of $2.76 per share, with EPS estimates ranging from $2.52 to $3.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Campbell Soup.

A number of equities research analysts have issued reports on CPB shares. Bank of America cut shares of Campbell Soup from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $34.37 to $31.00 in a report on Monday, May 21st. Credit Suisse Group set a $32.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a research note on Friday, July 13th. Royal Bank of Canada increased their target price on shares of Campbell Soup to $43.00 and gave the company a “sector perform” rating in a research note on Thursday. ValuEngine cut shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Gabelli reiterated a “buy” rating on shares of Campbell Soup in a research note on Monday, July 16th. Eleven investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.47.

CPB stock traded up $0.07 during mid-day trading on Monday, reaching $40.68. 1,863,735 shares of the stock traded hands, compared to its average volume of 4,632,657. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.68 and a quick ratio of 0.37. Campbell Soup has a 52 week low of $32.63 and a 52 week high of $52.71. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.28.

The business also recently announced a quarterly dividend, which was paid on Monday, July 30th. Investors of record on Friday, July 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, July 12th. Campbell Soup’s payout ratio is presently 46.05%.

In related news, Director Maria Teresa Hilado bought 2,000 shares of Campbell Soup stock in a transaction that occurred on Wednesday, June 6th. The stock was acquired at an average price of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the purchase, the director now owns 4,330 shares in the company, valued at $143,842.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 37.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. Hennessy Advisors Inc. bought a new position in Campbell Soup during the first quarter worth about $2,832,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in Campbell Soup by 191.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 109,248 shares of the company’s stock worth $4,722,000 after purchasing an additional 71,816 shares during the period. Dupont Capital Management Corp lifted its stake in Campbell Soup by 64.3% during the first quarter. Dupont Capital Management Corp now owns 73,782 shares of the company’s stock worth $3,195,000 after purchasing an additional 28,872 shares during the period. Twin Capital Management Inc. lifted its stake in Campbell Soup by 85.5% during the first quarter. Twin Capital Management Inc. now owns 69,276 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,925 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in Campbell Soup by 10.5% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 30,819 shares of the company’s stock worth $1,335,000 after purchasing an additional 2,939 shares during the period. Institutional investors and hedge funds own 51.66% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Co engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America.

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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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