Campbell Soup (NYSE:CPB) Releases FY20 Earnings Guidance

Campbell Soup (NYSE:CPB) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.50-2.55 for the period, compared to the Thomson Reuters consensus estimate of $2.52. The company issued revenue guidance of (1%) to 1% to $8.03-8.19 billion, compared to the consensus revenue estimate of $8.11 billion.Campbell Soup also updated its FY 2020
Pre-Market guidance to 2.50-2.55 EPS.

A number of analysts have recently weighed in on CPB shares. Bank of America increased their price objective on Campbell Soup from $36.00 to $40.00 and gave the company an underperform rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Campbell Soup from $41.00 to $48.00 in a report on Tuesday, September 3rd. ValuEngine cut shares of Campbell Soup from a hold rating to a sell rating in a research report on Tuesday, November 26th. Wells Fargo & Co reissued a hold rating and issued a $45.00 price target on shares of Campbell Soup in a report on Friday, August 30th. Finally, Royal Bank of Canada assumed coverage on shares of Campbell Soup in a research report on Thursday, October 17th. They issued an outperform rating and a $55.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Campbell Soup has an average rating of Hold and a consensus price target of $43.82.

CPB opened at $47.58 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 6.39. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 3.11 and a beta of 0.42. The stock has a fifty day simple moving average of $46.94 and a two-hundred day simple moving average of $43.60. Campbell Soup has a 12-month low of $32.03 and a 12-month high of $48.39.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Wednesday, January 8th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.94%. Campbell Soup’s dividend payout ratio is currently 60.87%.

In other Campbell Soup news, SVP Adam G. Ciongoli sold 16,096 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $47.16, for a total value of $759,087.36. Following the sale, the senior vice president now directly owns 70,984 shares of the company’s stock, valued at $3,347,605.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 36.48% of the stock is currently owned by insiders.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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