Church & Dwight (NYSE:CHD) Shares Gap Up Following Strong Earnings

Church & Dwight Co., Inc. (NYSE:CHD) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $91.96, but opened at $96.46. Church & Dwight shares last traded at $95.2420, with a volume of 217,915 shares changing hands.

The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Church & Dwight had a return on equity of 19.32% and a net margin of 12.74%.The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHD. Wells Fargo & Company set a $92.00 price target on shares of Church & Dwight and gave the stock an “overweight” rating in a research report on Monday, January 5th. TD Cowen lowered their price objective on shares of Church & Dwight from $100.00 to $97.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Barclays set a $82.00 price objective on shares of Church & Dwight and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Jefferies Financial Group upped their price target on shares of Church & Dwight from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $100.00 target price (down from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $98.85.

Institutional Trading of Church & Dwight

Large investors have recently made changes to their positions in the business. True Wealth Design LLC increased its stake in Church & Dwight by 935.5% in the 3rd quarter. True Wealth Design LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 290 shares during the period. Ameriflex Group Inc. lifted its stake in Church & Dwight by 101.3% in the third quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 162 shares during the period. CVA Family Office LLC increased its holdings in Church & Dwight by 58.1% during the third quarter. CVA Family Office LLC now owns 332 shares of the company’s stock valued at $29,000 after buying an additional 122 shares during the period. Field & Main Bank bought a new position in Church & Dwight in the fourth quarter worth about $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Church & Dwight in the 3rd quarter valued at about $30,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

The stock’s 50-day moving average is $86.23 and its 200 day moving average is $88.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.66. The company has a market cap of $22.84 billion, a PE ratio of 29.96, a PEG ratio of 4.28 and a beta of 0.46.

Church & Dwight Company Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.