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.
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.
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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.
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