Church & Dwight (NYSE:CHD) Releases FY24 Earnings Guidance

Church & Dwight (NYSE:CHD) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.42-3.45 for the period, compared to the consensus estimate of $3.46. The company issued revenue guidance of ~$6.07 billion, compared to the consensus revenue estimate of $6.13 billion. Church & Dwight also updated its FY 2024 guidance to 3.420-3.420 EPS.

Church & Dwight Trading Down 1.5 %

NYSE CHD traded down $1.48 during mid-day trading on Friday, reaching $98.53. 3,855,940 shares of the stock were exchanged, compared to its average volume of 1,584,076. Church & Dwight has a 1-year low of $82.25 and a 1-year high of $110.31. The business’s fifty day simple moving average is $104.68 and its 200 day simple moving average is $103.38. The stock has a market capitalization of $24.09 billion, a PE ratio of 31.29, a PEG ratio of 3.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.92 earnings per share. Church & Dwight’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Oppenheimer increased their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a research note on Tuesday, April 23rd. Bank of America increased their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a neutral rating in a research note on Monday, April 15th. Evercore ISI lifted their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a report on Friday, May 3rd. Finally, Truist Financial lifted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight presently has an average rating of Hold and a consensus target price of $106.88.

Insider Activity

In other Church & Dwight news, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Robert K. Shearer sold 13,200 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the transaction, the chief financial officer now owns 7,634 shares in the company, valued at approximately $813,479.04. The disclosure for this sale can be found here. Insiders have sold 182,346 shares of company stock worth $19,465,948 over the last 90 days. 2.00% of the stock is owned by company 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.