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Church & Dwight (NYSE:CHD) Updates Q3 2022 Earnings Guidance

Financial News Live · Sep 23, 2022 15:31

Church & Dwight (NYSE:CHD – Get Rating) updated its third quarter 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.65-$0.65 for the period, compared to the consensus earnings per share estimate of $0.66. The company issued revenue guidance of $1.30 billion-$1.30 billion, compared to the consensus revenue estimate of $1.35 billion. Church & Dwight also updated its FY 2022 guidance to $2.97-$2.97 EPS.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Church & Dwight from $104.00 to $93.00 and set a neutral rating for the company in a research report on Wednesday, August 3rd. Barclays decreased their price target on shares of Church & Dwight from $76.00 to $73.00 and set an underweight rating for the company in a research note on Wednesday, September 7th. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $84.00 to $86.00 in a research note on Thursday, July 21st. Truist Financial downgraded shares of Church & Dwight from a buy rating to a hold rating in a research note on Thursday, September 8th. Finally, Morgan Stanley reduced their price objective on shares of Church & Dwight from $86.00 to $82.00 and set an underweight rating for the company in a research note on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Church & Dwight has a consensus rating of Hold and a consensus price target of $91.64.

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Church & Dwight Price Performance

Shares of Church & Dwight stock traded down $0.79 on Friday, hitting $74.41. 32,520 shares of the company were exchanged, compared to its average volume of 1,521,455. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 3.73 and a beta of 0.35. The company has a 50-day moving average price of $86.14 and a 200 day moving average price of $91.95. Church & Dwight has a 1-year low of $74.16 and a 1-year high of $105.28. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

Church & Dwight (NYSE:CHD – Get Rating) last issued its earnings results on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.34 billion. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, sell-side analysts predict that Church & Dwight will post 2.97 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Friday, August 12th. Church & Dwight's payout ratio is 33.33%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 5,000 shares of the business's stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the sale, the executive vice president now owns 6,259 shares of the company's stock, valued at $480,503.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Church & Dwight

Large investors have recently modified their holdings of the stock. Covestor Ltd increased its position in shares of Church & Dwight by 62.7% during the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $93,000 after acquiring an additional 359 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Church & Dwight by 54.6% during the first quarter. Brown Brothers Harriman & Co. now owns 1,702 shares of the company's stock worth $169,000 after acquiring an additional 601 shares during the period. Fund Management at Engine No. 1 LLC purchased a new stake in shares of Church & Dwight during the first quarter worth $203,000. Eudaimonia Partners LLC acquired a new position in shares of Church & Dwight during the first quarter worth $205,000. Finally, Wellington Management Group LLP acquired a new position in shares of Church & Dwight during the first quarter worth $208,000. Hedge funds and other institutional investors own 82.59% 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.