Church & Dwight (NYSE:CHD) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Church & Dwight (NYSE:CHD) announced its quarterly earnings results on Thursday. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10, Briefing.com reports. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. Church & Dwight’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. Church & Dwight updated its Q2 guidance to $0.83 EPS.

Church & Dwight Stock Performance

CHD traded up $0.23 during trading hours on Friday, hitting $106.11. The company’s stock had a trading volume of 1,283,889 shares, compared to its average volume of 1,247,251. The company has a 50-day simple moving average of $103.57 and a 200 day simple moving average of $97.65. The company has a current ratio of 1.33, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $25.88 billion, a PE ratio of 33.68, a PEG ratio of 3.54 and a beta of 0.51. Church & Dwight has a fifty-two week low of $82.25 and a fifty-two week high of $108.68.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analysts Set New Price Targets

CHD has been the subject of a number of research reports. HSBC boosted their price target on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday. Bank of America raised their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Barclays upped their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Argus upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.63.

Insiders Place Their Bets

In other news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares in the company, valued at $638,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $451,551.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 373,052 shares of company stock worth $38,603,796. 2.00% of the stock is owned by company insiders.

About Church & Dwight

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 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.