Campbell Soup (NASDAQ:CPB) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Campbell Soup (NASDAQ:CPB) released its earnings results on Wednesday. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Campbell Soup updated its FY 2025 guidance to 2.950-3.050 EPS and its FY25 guidance to $2.95-$3.05 EPS.

Campbell Soup Price Performance

CPB stock opened at $39.18 on Thursday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The business has a 50-day simple moving average of $39.43 and a two-hundred day simple moving average of $44.39. The company has a market capitalization of $11.68 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. Campbell Soup has a 52-week low of $36.92 and a 52-week high of $52.81.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.98%. Campbell Soup’s dividend payout ratio is presently 85.25%.

Analyst Ratings Changes

Several research firms recently issued reports on CPB. Stifel Nicolaus dropped their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $37.00 in a research note on Thursday. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Monday, December 2nd. Finally, Barclays cut their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.85.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 20.19% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.