Church & Dwight Company, Inc. (NYSE:CHD) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ~$1.92 for the period, compared to the Thomson Reuters consensus estimate of $1.93.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. During the same quarter last year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. Church & Dwight’s dividend payout ratio is presently 44.97%.
Several equities analysts have recently weighed in on CHD shares. Zacks Investment Research lowered shares of Church & Dwight from a buy rating to a hold rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a buy rating and set a $60.00 price objective (up from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. Bank of America Corporation upped their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the company an underperform rating in a research note on Monday, July 10th. BMO Capital Markets set a $50.00 price objective on shares of Church & Dwight and gave the company a hold rating in a research note on Monday, July 17th. Finally, UBS AG reaffirmed a sell rating and set a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Church & Dwight presently has an average rating of Hold and a consensus price target of $51.26.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now owns 56,497 shares in the company, valued at $2,815,810.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,858 shares of company stock worth $9,996,631. Insiders own 2.00% of the company’s stock.
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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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