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Church & Dwight (CHD) to Release Quarterly Earnings on Friday

Defense World ·  Jan 27, 2023 01:11

Church & Dwight (NYSE:CHD – Get Rating) will be issuing its quarterly earnings data before the market opens on Friday, February 3rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.11. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.31 billion. Church & Dwight had a return on equity of 21.23% and a net margin of 13.88%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. On average, analysts expect Church & Dwight to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Church & Dwight Stock Performance

Shares of NYSE CHD opened at $81.29 on Friday. The stock's 50-day moving average is $81.15 and its 200 day moving average is $81.16. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 3.95 and a beta of 0.45. Church & Dwight has a 1-year low of $70.16 and a 1-year high of $105.28. The company has a current ratio of 1.08, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CHD shares. Credit Suisse Group raised shares of Church & Dwight from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $85.00 to $95.00 in a research note on Tuesday, January 17th. Royal Bank of Canada decreased their target price on shares of Church & Dwight from $90.00 to $85.00 and set a "sector perform" rating on the stock in a research report on Monday, October 31st. Evercore ISI began coverage on Church & Dwight in a research note on Monday, October 17th. They set an "in-line" rating on the stock. Morgan Stanley upgraded Church & Dwight from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $82.00 to $91.00 in a report on Tuesday, January 17th. Finally, Wells Fargo & Company increased their target price on Church & Dwight from $82.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $88.93.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc boosted its stake in shares of Church & Dwight by 43.2% during the 1st quarter. Ensign Peak Advisors Inc now owns 672,203 shares of the company's stock valued at $66,804,000 after purchasing an additional 202,627 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Church & Dwight by 21.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 733,167 shares of the company's stock valued at $67,936,000 after acquiring an additional 127,014 shares in the last quarter. Cibc World Markets Corp boosted its position in Church & Dwight by 1,100.2% during the 1st quarter. Cibc World Markets Corp now owns 104,444 shares of the company's stock valued at $10,380,000 after acquiring an additional 95,742 shares in the last quarter. Eaton Vance Management grew its holdings in shares of Church & Dwight by 25.1% during the 1st quarter. Eaton Vance Management now owns 403,210 shares of the company's stock worth $40,071,000 after acquiring an additional 80,834 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Church & Dwight by 10.0% in the 1st quarter. Renaissance Technologies LLC now owns 686,453 shares of the company's stock worth $68,220,000 after acquiring an additional 62,400 shares in the last quarter. 80.86% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company Profile

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Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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