Church & Dwight (CHD) Shares Gap Down After Earnings Miss

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%.

CHD has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Church & Dwight from $65.00 to $68.00 and gave the company a “buy” rating in a report on Monday, October 29th. Morgan Stanley set a $58.00 target price on Church & Dwight and gave the company a “sell” rating in a report on Thursday, December 20th. Deutsche Bank downgraded Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 target price for the company. in a report on Wednesday, October 10th. Barclays set a $54.00 target price on Church & Dwight and gave the company a “sell” rating in a report on Saturday, November 3rd. Finally, Citigroup upped their target price on Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Church & Dwight has an average rating of “Hold” and an average target price of $61.97.

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.

TRADEMARK VIOLATION WARNING: “Church & Dwight (CHD) Shares Gap Down After Earnings Miss” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.themarketsdaily.com/2019/02/07/church-dwight-chd-shares-gap-down-after-earnings-miss.html.

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.

Featured Article: Futures Contract

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply