Church & Dwight Company, Inc. (NYSE:CHD) – Investment analysts at William Blair decreased their Q3 2017 EPS estimates for shares of Church & Dwight in a report issued on Thursday. William Blair analyst J. Andersen now anticipates that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.52. William Blair also issued estimates for Church & Dwight’s Q4 2017 earnings at $0.53 EPS.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. ILLEGAL ACTIVITY NOTICE: This report was originally posted by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/church-dwight-company-inc-to-post-q3-2017-earnings-of-0-46-per-share-william-blair-forecasts-chd-updated.html.
CHD has been the topic of a number of other research reports. Morgan Stanley cut Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target (up previously from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. BidaskClub cut Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $51.07.
Church & Dwight (NYSE CHD) opened at 49.70 on Monday. The stock’s 50 day moving average is $52.70 and its 200 day moving average is $50.35. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 27.16 and a beta of 0.57. Church & Dwight has a one year low of $42.56 and a one year high of $54.18.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. Church & Dwight’s payout ratio is presently 44.97%.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction dated 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 directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
Several large investors have recently made changes to their positions in CHD. Teachers Advisors LLC raised its stake in shares of Church & Dwight by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 485,581 shares of the company’s stock valued at $21,458,000 after buying an additional 37,140 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Church & Dwight by 1.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 219,509 shares of the company’s stock valued at $10,946,000 after buying an additional 2,725 shares in the last quarter. Charter Trust Co. raised its stake in shares of Church & Dwight by 140.5% in the first quarter. Charter Trust Co. now owns 11,083 shares of the company’s stock valued at $553,000 after buying an additional 6,474 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Church & Dwight by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 80,120 shares of the company’s stock valued at $3,995,000 after buying an additional 1,200 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Church & Dwight by 4.7% in the first quarter. National Pension Service now owns 232,933 shares of the company’s stock valued at $11,654,000 after buying an additional 10,468 shares in the last quarter. Institutional investors and hedge funds own 82.05% 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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