SunTrust Banks Equities Analysts Raise Earnings Estimates for Church & Dwight Co., Inc. (CHD)

Church & Dwight Co., Inc. (NYSE:CHD) – Equities research analysts at SunTrust Banks upped their FY2018 earnings per share estimates for shares of Church & Dwight in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $2.49 for the year, up from their prior estimate of $2.10.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The company had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis.

CHD has been the subject of a number of other research reports. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Tuesday, January 9th. Wells Fargo & Co upped their price objective on shares of Church & Dwight from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. Jefferies Group restated a “buy” rating and issued a $62.00 price objective on shares of Church & Dwight in a report on Thursday, January 4th. Deutsche Bank initiated coverage on shares of Church & Dwight in a report on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price objective for the company. Finally, KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Monday, October 16th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.70.

Church & Dwight (NYSE:CHD) traded up $0.23 during midday trading on Wednesday, hitting $49.25. 2,435,900 shares of the stock traded hands, compared to its average volume of 1,928,430. Church & Dwight has a one year low of $43.21 and a one year high of $54.18. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12,450.00, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.57 and a beta of 0.56.

Church & Dwight declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

In other news, CFO Richard A. Dierker acquired 1,146 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $43.66 per share, with a total value of $50,034.36. Following the transaction, the chief financial officer now owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the transaction, the chief executive officer now directly owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial For Lutherans grew its holdings in shares of Church & Dwight by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 9,410 shares of the company’s stock valued at $488,000 after purchasing an additional 30 shares in the last quarter. Veritable L.P. grew its holdings in shares of Church & Dwight by 0.7% in the second quarter. Veritable L.P. now owns 6,417 shares of the company’s stock valued at $333,000 after purchasing an additional 47 shares in the last quarter. North Star Asset Management Inc. grew its holdings in shares of Church & Dwight by 2.0% in the second quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock valued at $260,000 after purchasing an additional 100 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after purchasing an additional 108 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Church & Dwight by 1.4% in the second quarter. Nordea Investment Management AB now owns 10,061 shares of the company’s stock valued at $522,000 after purchasing an additional 143 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by BBNS and is the property of of BBNS. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/fy2018-eps-estimates-for-church-dwight-co-inc-chd-lifted-by-suntrust-banks/1823459.html.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

Get a free copy of the Zacks research report on Church & Dwight (CHD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Church & Dwight (NYSE:CHD)

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.