Church & Dwight Co., Inc. (NYSE:CHD) – Research analysts at William Blair lifted their FY2018 earnings per share estimates for Church & Dwight in a research note issued on Monday. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $2.25 for the year, up from their previous estimate of $2.09.
CHD has been the topic of a number of other reports. Wells Fargo & Co restated a “hold” rating on shares of Church & Dwight in a report on Monday, February 5th. Deutsche Bank started coverage on shares of Church & Dwight in a report on Wednesday, December 13th. They set a “buy” rating and a $54.00 price objective on the stock. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. CIBC upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday. Finally, UBS Group upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.40.
Church & Dwight (NYSE:CHD) last posted its earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.2175 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.79%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. Church & Dwight’s dividend payout ratio (DPR) is 26.12%.
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 reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank grew its position in Church & Dwight by 138.4% in the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares in the last quarter. Ledyard National Bank grew its position in Church & Dwight by 176.3% in the fourth quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after purchasing an additional 1,865 shares in the last quarter. Hermes Investment Management Ltd. bought a new position in Church & Dwight in the fourth quarter valued at $206,000. MUFG Americas Holdings Corp bought a new position in Church & Dwight in the third quarter valued at $218,000. Finally, Delaney Dennis R bought a new position in Church & Dwight in the fourth quarter valued at $241,000. 79.37% of the stock is owned by institutional investors and hedge funds.
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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