Campbell Soup (NYSE:CPB) Expected to Announce Quarterly Sales of $2.04 Billion

Analysts expect Campbell Soup (NYSE:CPB) to announce $2.04 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Campbell Soup’s earnings. The highest sales estimate is $2.05 billion and the lowest is $2.00 billion. Campbell Soup reported sales of $1.78 billion during the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The company is scheduled to report its next quarterly earnings report on Friday, September 4th.

According to Zacks, analysts expect that Campbell Soup will report full-year sales of $8.62 billion for the current fiscal year, with estimates ranging from $8.58 billion to $8.64 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.19 billion, with estimates ranging from $7.92 billion to $8.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Campbell Soup.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.26 billion. Campbell Soup had a return on equity of 46.05% and a net margin of 18.34%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS.

A number of analysts have recently issued reports on CPB shares. Cfra upgraded Campbell Soup to a “hold” rating in a research report on Wednesday, June 3rd. Deutsche Bank boosted their target price on Campbell Soup from $52.00 to $53.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Zacks Investment Research downgraded Campbell Soup from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Tuesday, May 19th. Barclays reissued a “sell” rating and set a $51.00 target price on shares of Campbell Soup in a research note on Friday, April 17th. Finally, ValuEngine cut Campbell Soup from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Campbell Soup has a consensus rating of “Hold” and a consensus price target of $51.12.

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Campbell Soup by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 148,003 shares of the company’s stock worth $7,314,000 after buying an additional 5,358 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Campbell Soup by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,339,433 shares of the company’s stock worth $66,195,000 after buying an additional 62,965 shares during the last quarter. Natixis Advisors L.P. grew its stake in Campbell Soup by 4.3% during the 4th quarter. Natixis Advisors L.P. now owns 15,512 shares of the company’s stock worth $767,000 after buying an additional 641 shares during the last quarter. First Allied Advisory Services Inc. grew its stake in Campbell Soup by 4.6% during the 4th quarter. First Allied Advisory Services Inc. now owns 14,605 shares of the company’s stock worth $723,000 after buying an additional 642 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in Campbell Soup during the 4th quarter worth $5,000,000. Institutional investors and hedge funds own 47.66% of the company’s stock.

CPB stock traded up $0.85 during mid-day trading on Monday, reaching $49.25. 1,491,145 shares of the company traded hands, compared to its average volume of 2,773,831. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.84 and a quick ratio of 0.62. The company has a market capitalization of $14.62 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.99 and a beta of 0.43. Campbell Soup has a 52-week low of $39.78 and a 52-week high of $57.54. The company has a fifty day moving average price of $49.73 and a 200-day moving average price of $48.82.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.84%. Campbell Soup’s dividend payout ratio is presently 60.87%.

Campbell Soup Company Profile

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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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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