Church & Dwight Co., Inc. to Post FY2022 Earnings of $3.02 Per Share, Oppenheimer Forecasts (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHDGet Rating) – Equities research analysts at Oppenheimer lowered their FY2022 earnings per share (EPS) estimates for shares of Church & Dwight in a research note issued to investors on Friday, July 29th. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings of $3.02 per share for the year, down from their previous forecast of $3.18. The consensus estimate for Church & Dwight’s current full-year earnings is $3.16 per share. Oppenheimer also issued estimates for Church & Dwight’s Q4 2022 earnings at $0.78 EPS and FY2023 earnings at $3.25 EPS.

CHD has been the topic of a number of other research reports. Barclays dropped their price objective on Church & Dwight from $81.00 to $77.00 and set an “underweight” rating on the stock in a research note on Monday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $84.00 to $86.00 in a research note on Thursday, July 21st. Morgan Stanley lifted their target price on Church & Dwight from $80.00 to $86.00 and gave the stock an “underweight” rating in a report on Tuesday, April 12th. Finally, Wells Fargo & Company lifted their target price on Church & Dwight from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.50.

Church & Dwight Stock Down 8.6 %

CHD opened at $87.97 on Monday. Church & Dwight has a one year low of $80.34 and a one year high of $105.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.65. The stock’s fifty day moving average is $90.64 and its 200-day moving average is $96.24. The company has a market capitalization of $21.36 billion, a PE ratio of 26.98, a P/E/G ratio of 3.73 and a beta of 0.39.

Church & Dwight (NYSE:CHDGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Church & Dwight had a return on equity of 22.29% and a net margin of 15.46%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.2625 per share. The ex-dividend date is Friday, August 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.19%. Church & Dwight’s dividend payout ratio is 32.21%.

Insider Activity

In other news, Director Bradley C. Irwin sold 7,000 shares of Church & Dwight stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total transaction of $685,020.00. Following the transaction, the director now owns 41,636 shares in the company, valued at $4,074,498.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Church & Dwight by 0.4% in the first quarter. BlackRock Inc. now owns 19,176,152 shares of the company’s stock valued at $1,905,727,000 after purchasing an additional 73,507 shares in the last quarter. State Street Corp lifted its position in shares of Church & Dwight by 1.3% in the fourth quarter. State Street Corp now owns 12,291,175 shares of the company’s stock worth $1,259,845,000 after buying an additional 154,906 shares during the last quarter. Fundsmith LLP lifted its position in shares of Church & Dwight by 5.8% in the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company’s stock worth $1,194,978,000 after buying an additional 635,823 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Church & Dwight by 35.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company’s stock worth $623,990,000 after buying an additional 1,596,506 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Church & Dwight by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,632,313 shares of the company’s stock worth $473,581,000 after buying an additional 106,461 shares during the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

About Church & Dwight

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

See Also

Earnings History and Estimates for Church & Dwight (NYSE:CHD)

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