Church & Dwight Co., Inc. (NYSE:CHD) – Equities research analysts at SunTrust Banks raised their FY2018 earnings per share estimates for Church & Dwight in a report released on Monday. SunTrust Banks analyst W. Chappell now anticipates that the company will earn $2.49 per share 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 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $967.90 million during the quarter, compared to analyst estimates of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share.
Church & Dwight (NYSE CHD) traded down $0.05 during trading on Wednesday, hitting $50.39. 1,414,100 shares of the stock traded hands, compared to its average volume of 2,055,450. The company has a market capitalization of $12,380.00, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.70 and a beta of 0.56. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. Church & Dwight has a fifty-two week low of $43.21 and a fifty-two week high of $54.18.
A number of hedge funds have recently bought and sold shares of CHD. YorkBridge Wealth Partners LLC lifted its stake in Church & Dwight by 5.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after buying an additional 108 shares in the last quarter. Sandy Spring Bank lifted its stake in Church & Dwight by 138.4% during the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after buying an additional 1,600 shares in the last quarter. Tredje AP fonden purchased a new stake in Church & Dwight during the second quarter valued at about $140,000. Acrospire Investment Management LLC lifted its stake in Church & Dwight by 274.8% during the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after buying an additional 2,300 shares in the last quarter. Finally, Courier Capital LLC purchased a new stake in Church & Dwight during the second quarter valued at about $213,000. 79.87% of the stock is owned by institutional investors.
In other Church & Dwight news, CFO Richard A. Dierker acquired 1,146 shares of Church & Dwight stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the transaction, the chief financial officer now owns 6,411 shares in the company, valued at approximately $279,904.26. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew Farrell acquired 5,000 shares of Church & Dwight stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $43.83 per share, with a total value of $219,150.00. Following the transaction, the chief executive officer now owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Church & Dwight announced that its board has approved a share repurchase plan on Thursday, November 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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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