Church & Dwight Co., Inc. (NYSE:CHD) to Post FY2022 Earnings of $2.97 Per Share, William Blair Forecasts

Church & Dwight Co., Inc. (NYSE:CHDGet Rating) – Analysts at William Blair decreased their FY2022 earnings estimates for Church & Dwight in a research note issued on Tuesday, September 6th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $2.97 for the year, down from their prior forecast of $3.02. The consensus estimate for Church & Dwight’s current full-year earnings is $3.02 per share. William Blair also issued estimates for Church & Dwight’s FY2023 earnings at $3.17 EPS.

Church & Dwight (NYSE:CHDGet Rating) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company cut their price target on shares of Church & Dwight from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Church & Dwight from $94.00 to $92.00 and set a “sector perform” rating on the stock in a research report on Monday, August 1st. UBS Group dropped their price objective on shares of Church & Dwight from $104.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 1st. Barclays dropped their price objective on shares of Church & Dwight from $76.00 to $73.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Church & Dwight from $104.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.07.

Church & Dwight Stock Performance

Shares of CHD stock opened at $80.84 on Thursday. The stock has a market cap of $19.64 billion, a P/E ratio of 25.66, a P/E/G ratio of 3.32 and a beta of 0.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. The company has a fifty day moving average price of $89.64 and a two-hundred day moving average price of $93.38. Church & Dwight has a one year low of $79.35 and a one year high of $105.28.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, August 12th. Church & Dwight’s dividend payout ratio is 33.33%.

Hedge Funds Weigh In On Church & Dwight

Hedge funds have recently bought and sold shares of the company. Riverview Trust Co bought a new position in Church & Dwight in the 1st quarter valued at about $30,000. SeaCrest Wealth Management LLC bought a new position in Church & Dwight in the 2nd quarter valued at about $30,000. US Asset Management LLC bought a new position in Church & Dwight in the 1st quarter valued at about $36,000. Zions Bancorporation N.A. increased its holdings in Church & Dwight by 50.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 389 shares of the company’s stock valued at $36,000 after buying an additional 131 shares during the period. Finally, Heritage Wealth Advisors increased its holdings in Church & Dwight by 171.2% in the 2nd quarter. Heritage Wealth Advisors now owns 396 shares of the company’s stock valued at $37,000 after buying an additional 250 shares during the period. 82.59% of the stock is owned by institutional investors.

Church & Dwight Company Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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Earnings History and Estimates for Church & Dwight (NYSE:CHD)

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