Campbell Soup (CPB) Expected to Post Earnings of $0.48 Per Share

Wall Street brokerages expect Campbell Soup (NYSE:CPB) to report earnings per share of $0.48 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Campbell Soup’s earnings, with estimates ranging from $0.44 to $0.55. Campbell Soup reported earnings per share of $0.70 in the same quarter last year, which would indicate a negative year over year growth rate of 31.4%. The business is expected to issue its next quarterly earnings report on Friday, May 17th.

According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.45 to $2.50. For the next financial year, analysts anticipate that the company will report earnings of $2.54 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Campbell Soup.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. Campbell Soup had a positive return on equity of 55.51% and a negative net margin of 1.68%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year.

CPB has been the subject of a number of research analyst reports. ValuEngine lowered Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research restated a “buy” rating and issued a $42.00 target price on shares of Campbell Soup in a research note on Monday, December 31st. Wells Fargo & Co restated a “hold” rating on shares of Campbell Soup in a research note on Wednesday, January 16th. Finally, Bank of America set a $30.00 target price on Campbell Soup and gave the stock a “sell” rating in a research note on Thursday, February 28th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.08.

A number of institutional investors and hedge funds have recently made changes to their positions in CPB. JOYN Advisors Inc. grew its position in shares of Campbell Soup by 99.5% during the 4th quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock valued at $25,000 after acquiring an additional 382 shares during the period. Csenge Advisory Group acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at about $33,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Campbell Soup by 71.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 894 shares of the company’s stock valued at $29,000 after acquiring an additional 373 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Campbell Soup by 49.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock valued at $42,000 after acquiring an additional 425 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Campbell Soup by 64.9% during the 4th quarter. Bessemer Group Inc. now owns 1,563 shares of the company’s stock valued at $51,000 after acquiring an additional 615 shares during the period. 52.55% of the stock is currently owned by institutional investors.

CPB stock traded up $0.15 during midday trading on Friday, reaching $39.81. The stock had a trading volume of 2,267,350 shares, compared to its average volume of 2,238,231. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 2.67 and a beta of 0.42. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.70 and a quick ratio of 0.37. Campbell Soup has a 52-week low of $32.03 and a 52-week high of $43.98.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Wednesday, April 10th. Campbell Soup’s dividend payout ratio is currently 48.78%.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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