Wall Street analysts expect Campbell Soup (NYSE:CPB) to post earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Campbell Soup’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. Campbell Soup posted earnings of $0.83 per share during the same quarter last year, which suggests a negative year over year growth rate of 20.5%. The firm is scheduled to announce its next earnings results on Wednesday, June 2nd.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.08. For the next fiscal year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.90 to $3.24. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Tuesday, March 9th. The company reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Campbell Soup had a return on equity of 37.44% and a net margin of 20.02%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share.
In related news, EVP Craig Slavtcheff sold 7,000 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $48.88, for a total transaction of $342,160.00. Following the completion of the sale, the executive vice president now directly owns 36,810 shares in the company, valued at $1,799,272.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 35.64% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Ellevest Inc. raised its holdings in shares of Campbell Soup by 101.5% during the first quarter. Ellevest Inc. now owns 530 shares of the company’s stock worth $27,000 after acquiring an additional 267 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Campbell Soup by 1,000.0% in the first quarter. IFP Advisors Inc now owns 506 shares of the company’s stock valued at $27,000 after acquiring an additional 460 shares during the last quarter. Private Capital Group LLC grew its holdings in shares of Campbell Soup by 20,266.7% in the 4th quarter. Private Capital Group LLC now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 608 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Campbell Soup in the 1st quarter worth $43,000. Finally, Oakworth Capital Inc. acquired a new position in Campbell Soup in the 1st quarter worth $50,000. Institutional investors and hedge funds own 51.48% of the company’s stock.
NYSE:CPB opened at $48.25 on Wednesday. The stock’s 50 day moving average price is $49.30 and its 200 day moving average price is $48.05. The company has a market capitalization of $14.62 billion, a PE ratio of 8.29, a P/E/G ratio of 10.65 and a beta of 0.51. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 1.80. Campbell Soup has a 52-week low of $44.53 and a 52-week high of $54.08.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 3rd. Stockholders of record on Thursday, April 8th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, April 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.07%. Campbell Soup’s payout ratio is currently 50.17%.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, engages in the manufacture and market food and beverage products. It operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; V8 juices and beverages; and Campbell's tomato juice.
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