Shares of Church & Dwight Co., Inc. (NYSE:CHD) gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $59.89, but opened at $60.46. Church & Dwight shares last traded at $62.65, with a volume of 148842 shares traded.
The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a $0.2275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.91 annualized dividend and a yield of 1.45%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.22. Church & Dwight’s payout ratio is presently 44.85%.
In other Church & Dwight news, VP Richard A. Dierker sold 16,880 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the transaction, the vice president now owns 18,776 shares in the company, valued at $1,243,910. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 139,320 shares of the stock in a transaction on Monday, January 14th. The stock was sold at an average price of $66.72, for a total value of $9,295,430.40. Following the completion of the transaction, the executive vice president now owns 40,650 shares of the company’s stock, valued at approximately $2,712,168. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,980 shares of company stock valued at $14,528,327. 2.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CHD. Vanguard Group Inc grew its stake in shares of Church & Dwight by 0.7% in the third quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock worth $1,649,662,000 after acquiring an additional 185,775 shares during the last quarter. BlackRock Inc. boosted its position in shares of Church & Dwight by 2.4% during the third quarter. BlackRock Inc. now owns 19,158,432 shares of the company’s stock valued at $1,137,435,000 after buying an additional 445,109 shares during the last quarter. Capital International Investors boosted its position in shares of Church & Dwight by 15.5% during the third quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock valued at $484,014,000 after buying an additional 1,094,100 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Church & Dwight by 0.6% during the third quarter. Bessemer Group Inc. now owns 4,921,098 shares of the company’s stock valued at $292,167,000 after buying an additional 28,930 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Church & Dwight by 425.0% during the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after buying an additional 3,882,426 shares during the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.
The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. The stock has a market cap of $16.10 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.24.
About Church & Dwight (NYSE:CHD)
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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