Church & Dwight (NYSE:CHD) Releases Earnings Results

Church & Dwight (NYSE:CHD) issued its earnings results on Friday. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09, RTT News reports. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. Church & Dwight updated its Q3 guidance to $0.67 EPS and its FY24 guidance to $3.42-3.45 EPS.

Church & Dwight Stock Down 1.5 %

CHD traded down $1.46 during midday trading on Friday, hitting $98.55. 3,855,928 shares of the company’s stock traded hands, compared to its average volume of 1,364,474. The stock’s fifty day simple moving average is $104.84 and its 200-day simple moving average is $103.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. Church & Dwight has a one year low of $82.25 and a one year high of $110.31. The company has a market cap of $24.10 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52.

Church & Dwight Announces Dividend

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

Insider Transactions at Church & Dwight

In related news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the sale, the chief financial officer now directly owns 7,634 shares in the company, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CHD shares. Evercore ISI increased their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. BNP Paribas began coverage on shares of Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price objective on the stock. Barclays lowered their target price on shares of Church & Dwight from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $106.88.

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.