Church & Dwight Company, Inc. (NYSE:CHD) – Equities research analysts at KeyCorp decreased their Q3 2017 earnings estimates for shares of Church & Dwight in a research note issued on Thursday. KeyCorp analyst J. Gere now expects that the company will earn $0.47 per share for the quarter, down from their prior estimate of $0.53. KeyCorp also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.54 EPS and Q3 2018 earnings at $0.52 EPS.
CHD has been the topic of several other research reports. Jefferies Group LLC restated a “buy” rating and set a $54.00 price objective on shares of Church & Dwight in a report on Wednesday, April 12th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. BidaskClub cut Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of Church & Dwight in a research note on Friday, May 5th. Finally, Bank of America Corporation lifted their target price on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research note on Monday, July 10th. Four 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 company’s stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $51.07.
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Shares of Church & Dwight (CHD) opened at 49.70 on Monday. The company has a 50 day moving average of $52.70 and a 200 day moving average of $50.35. Church & Dwight has a 52-week low of $42.56 and a 52-week high of $54.18. The firm has a market capitalization of $12.39 billion, a PE ratio of 27.16 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. Church & Dwight’s payout ratio is 44.97%.
In related news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the last quarter. State Street Corp boosted its stake in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after buying an additional 55,092 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after buying an additional 208,604 shares during the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.
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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