Church & Dwight (CHD) to Release Quarterly Earnings on Thursday

Church & Dwight (NYSE:CHD) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Church & Dwight to post earnings of $0.86 per share for the quarter. Church & Dwight has set its FY 2024 guidance at 3.420-3.420 EPS and its Q1 2024 guidance at 0.850-0.850 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Church & Dwight to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Church & Dwight Stock Up 0.6 %

CHD stock opened at $107.36 on Thursday. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $107.56. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $26.19 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 3.52 and a beta of 0.53. The company has a 50 day moving average of $102.54 and a two-hundred day moving average of $96.90.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.2838 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s dividend payout ratio is presently 37.17%.

Insider Activity

In other news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock worth $38,603,796. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group began coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a “buy” rating and a $110.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Finally, Barclays raised their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.07.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.