Church & Dwight Co., Inc. (CHD) Expected to Post Quarterly Sales of $1.04 Billion

Wall Street analysts expect that Church & Dwight Co., Inc. (NYSE:CHD) will announce $1.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Church & Dwight’s earnings, with estimates ranging from $1.03 billion to $1.04 billion. Church & Dwight posted sales of $1.01 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Church & Dwight will report full year sales of $4.34 billion for the current fiscal year, with estimates ranging from $4.27 billion to $4.42 billion. For the next fiscal year, analysts expect that the business will report sales of $4.53 billion, with estimates ranging from $4.40 billion to $4.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Church & Dwight.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.

Several equities analysts recently issued reports on CHD shares. Morgan Stanley set a $58.00 price target on shares of Church & Dwight and gave the company a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Goldman Sachs Group upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a research note on Tuesday, February 5th. Deutsche Bank raised shares of Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price objective for the company in a report on Wednesday, February 6th. Finally, Oppenheimer reiterated an “outperform” rating and set a $73.00 price objective on shares of Church & Dwight in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.79.

Shares of Church & Dwight stock traded down $0.11 on Wednesday, hitting $72.20. The stock had a trading volume of 37,663 shares, compared to its average volume of 1,533,094. Church & Dwight has a one year low of $44.87 and a one year high of $72.85. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.52 and a beta of 0.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.52 and a current ratio of 0.81.

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 139,320 shares of the stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $66.72, for a total transaction of $9,295,430.40. Following the sale, the executive vice president now directly owns 40,650 shares in the company, valued at approximately $2,712,168. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinnacle Bank acquired a new position in shares of Church & Dwight during the fourth quarter worth $33,000. Berman Capital Advisors LLC acquired a new stake in shares of Church & Dwight during the 4th quarter worth about $34,000. Financial Gravity Companies Inc. acquired a new stake in shares of Church & Dwight during the 4th quarter worth about $47,000. Patriot Financial Group Insurance Agency LLC lifted its stake in Church & Dwight by 27.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock worth $48,000 after purchasing an additional 157 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Church & Dwight by 59.4% during the fourth quarter. Whittier Trust Co. now owns 778 shares of the company’s stock worth $51,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand.

See Also: How Investors Use a Balance Sheet

Get a free copy of the Zacks research report on Church & Dwight (CHD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.