Church & Dwight (NYSE:CHD) Trading Up 7% After Better-Than-Expected Earnings

Church & Dwight Co., Inc. (NYSE:CHD)’s stock price shot up 7% during trading on Friday following a better than expected earnings announcement. The stock traded as high as $97.68 and last traded at $96.33, 4,192,610 shares changed hands during trading. An increase of 134% from the average session volume of 1,794,640 shares. The stock had previously closed at $90.06.

The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. Church & Dwight’s dividend payout ratio is presently 38.87%.

A number of research firms have recently weighed in on CHD. Deutsche Bank raised their target price on Church & Dwight from $76.00 to $78.00 and gave the company a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $68.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Morgan Stanley increased their price target on Church & Dwight from $74.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, July 13th. Argus started coverage on Church & Dwight in a research report on Wednesday, July 15th. They set a “buy” rating and a $98.00 price target for the company. Finally, Oppenheimer increased their price target on Church & Dwight from $88.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $78.71.

In other news, EVP Steven P. Cugine sold 14,990 shares of Church & Dwight stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $79.89, for a total value of $1,197,551.10. Following the transaction, the executive vice president now owns 39,452 shares in the company, valued at $3,151,820.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven P. Cugine sold 20,800 shares of Church & Dwight stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $82.89, for a total value of $1,724,112.00. Following the completion of the transaction, the executive vice president now owns 45,262 shares in the company, valued at approximately $3,751,767.18. The disclosure for this sale can be found here. Insiders sold 265,225 shares of company stock valued at $19,915,197 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

A number of large investors have recently made changes to their positions in CHD. Van ECK Associates Corp boosted its position in shares of Church & Dwight by 10.2% in the 1st quarter. Van ECK Associates Corp now owns 10,384 shares of the company’s stock worth $666,000 after purchasing an additional 958 shares in the last quarter. AXA raised its stake in Church & Dwight by 6.2% during the 1st quarter. AXA now owns 297,235 shares of the company’s stock valued at $19,076,000 after buying an additional 17,243 shares during the last quarter. Ellevest Inc. raised its stake in Church & Dwight by 6.3% during the 2nd quarter. Ellevest Inc. now owns 3,679 shares of the company’s stock valued at $284,000 after buying an additional 219 shares during the last quarter. State Street Corp increased its stake in shares of Church & Dwight by 1.2% in the 1st quarter. State Street Corp now owns 13,291,718 shares of the company’s stock worth $853,062,000 after purchasing an additional 159,378 shares in the last quarter. Finally, PGGM Investments purchased a new stake in shares of Church & Dwight in the 2nd quarter worth $7,772,000. Institutional investors own 81.40% of the company’s stock.

The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.64. The firm has a market cap of $23.69 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 3.85 and a beta of 0.32. The stock has a 50 day simple moving average of $80.34 and a 200-day simple moving average of $73.71.

About Church & Dwight (NYSE:CHD)

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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