Church & Dwight Co., Inc. (NYSE:CHD) – Research analysts at Jefferies Group cut their Q3 2017 earnings per share estimates for Church & Dwight Co. in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.51. Jefferies Group currently has a “Buy” rating and a $63.00 target price on the stock. Jefferies Group also issued estimates for Church & Dwight Co.’s Q4 2017 earnings at $0.55 EPS.
Church & Dwight Co. (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million for the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight Co. had a net margin of 8.12% and a return on equity of 15.45%. Church & Dwight Co.’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS.
Several other research firms have also recently weighed in on CHD. Zacks Investment Research upgraded shares of Church & Dwight Co. from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, June 7th. BidaskClub upgraded shares of Church & Dwight Co. from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of Church & Dwight Co. in a report on Friday, May 5th. UBS AG restated a “sell” rating and set a $48.00 target price (up previously from $46.00) on shares of Church & Dwight Co. in a report on Tuesday, July 18th. Finally, Barclays PLC set a $49.00 target price on shares of Church & Dwight Co. and gave the stock a “sell” rating in a report on Sunday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.07.
Church & Dwight Co. (NYSE CHD) opened at 50.29 on Monday. The company has a market cap of $12.53 billion, a P/E ratio of 27.48 and a beta of 0.57. Church & Dwight Co. has a 12-month low of $42.56 and a 12-month high of $54.18. The stock’s 50 day moving average is $52.83 and its 200-day moving average is $50.32.
A number of hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in Church & Dwight Co. during the first quarter valued at about $149,000. Parallel Advisors LLC raised its stake in Church & Dwight Co. by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares during the period. Clean Yield Group purchased a new stake in Church & Dwight Co. during the first quarter valued at about $178,000. Van ECK Associates Corp raised its stake in Church & Dwight Co. by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares during the period. Finally, FTB Advisors Inc. raised its stake in Church & Dwight Co. by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock valued at $195,000 after buying an additional 3,725 shares during the period. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, August 11th. Church & Dwight Co.’s dividend payout ratio (DPR) is currently 44.97%.
About Church & Dwight Co.
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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