Church & Dwight (NYSE:CHD) Releases Quarterly Earnings Results

Church & Dwight (NYSE:CHD) issued its quarterly earnings results on Thursday. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10, Briefing.com reports. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Church & Dwight updated its Q2 guidance to $0.83 EPS.

Church & Dwight Price Performance

Church & Dwight stock traded up $0.23 during mid-day trading on Friday, reaching $106.11. 1,283,889 shares of the company were exchanged, compared to its average volume of 1,247,251. The company has a fifty day simple moving average of $103.57 and a 200-day simple moving average of $97.65. The firm has a market cap of $25.88 billion, a PE ratio of 33.68, a PEG ratio of 3.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.64. Church & Dwight has a 12 month low of $82.25 and a 12 month high of $108.68.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Activity

In other news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew Farrell sold 275,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. In the last three months, insiders sold 373,052 shares of company stock worth $38,603,796. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHD has been the subject of several research reports. TheStreet raised shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Barclays boosted their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday. UBS Group upped their target price on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Finally, Evercore ISI raised their price target on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $105.63.

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.