Church & Dwight (NYSE:CHD) Issues Earnings Results, Beats Expectations By $0.10 EPS

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

Church & Dwight Price Performance

CHD stock traded up $0.23 during mid-day trading on Friday, reaching $106.11. 1,283,889 shares of the company’s stock were exchanged, compared to its average volume of 1,247,251. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $108.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.64. The stock’s 50 day moving average is $103.57 and its 200 day moving average is $97.65. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 3.54 and a beta of 0.51.

Church & Dwight Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHD shares. Oppenheimer lifted their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a research report on Friday, February 2nd. Evercore ISI raised their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday. Finally, Royal Bank of Canada raised their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Three investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.63.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the transaction, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Read sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $100.95, for a total transaction of $908,550.00. Following the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at approximately $1,042,308.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is owned by corporate insiders.

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.