Church & Dwight (NYSE:CHD) Issues FY 2024 Earnings Guidance

Church & Dwight (NYSE:CHD) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.420-3.420 for the period, compared to the consensus estimate of 3.460. The company issued revenue guidance of $6.1 billion-$6.1 billion, compared to the consensus revenue estimate of $6.1 billion. Church & Dwight also updated its FY24 guidance to $3.42-3.45 EPS.

Church & Dwight Trading Down 1.5 %

CHD stock traded down $1.46 during trading on Friday, hitting $98.55. The company had a trading volume of 3,855,928 shares, compared to its average volume of 1,364,474. The business has a 50-day moving average of $104.84 and a 200-day moving average of $103.38. Church & Dwight has a one year low of $82.25 and a one year high of $110.31. The stock has a market cap of $24.10 billion, a PE ratio of 31.75, a PEG ratio of 3.19 and a beta of 0.52. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Research analysts predict that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, August 15th. Church & Dwight’s payout ratio is presently 35.87%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHD shares. TD Cowen started coverage on Church & Dwight in a research note on Tuesday, July 23rd. They issued a buy rating and a $116.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $97.00 to $101.00 and gave the company an underweight rating in a research note on Monday, July 22nd. Argus boosted their price target on Church & Dwight from $115.00 to $125.00 and gave the company a buy rating in a research note on Tuesday, June 11th. BNP Paribas started coverage on Church & Dwight in a research note on Monday, June 24th. They issued a neutral rating and a $114.00 price target on the stock. Finally, Bank of America boosted their price target on Church & Dwight from $100.00 to $104.00 and gave the company a neutral rating in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has an average rating of Hold and a consensus target price of $106.88.

Insider Activity at Church & Dwight

In related news, Director Robert K. Shearer sold 13,200 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Church & Dwight news, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the transaction, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. In the last three months, insiders sold 182,346 shares of company stock valued at $19,465,948. 2.00% of the stock is owned by 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.