Church & Dwight (CHD) announces quarterly results on Thursday

Church & Dwight (NYSE:CHD – Get Free Report) will release its quarterly results before the market opens on Thursday, May 2. Analysts expect Church & Dwight to post earnings of $0.86 per share for the quarter. Church & Dwight has set guidance for fiscal year 2024 at 3.420-3.420 earnings per share and guidance for the first quarter of 2024 at 0.850-0.850 earnings per share. Individuals wishing to register for the company’s earnings conference call can do so via this link.

Church & Dwight (NYSE:CHD – Get Free Report) last reported its earnings results on Friday, February 2. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter of the previous year, the company earned earnings per share of $0.62. The company’s revenue increased 6.4% compared to the same quarter last year. On average, analysts expect Church & Dwight to post earnings per share of $3 for the current fiscal year and earnings per share of $4 for the next fiscal year.

Church & Dwight shares rise 0.6%

CHD stock opened at $107.36 on Thursday. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $107.56. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $26.19 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 3.52, and a beta of 0.53. The company has a 50-day moving average of $102.54 and a two-hundred-day moving average of $96.90.

Church & Dwight increase dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1. Shareholders of record on Thursday, February 15, received a dividend of $0.2838. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14. This represents a dividend of $1.14 annually and a yield of 1.06%. Church & Dwight’s dividend payout ratio currently stands at 37.17%.

Insider activity

In other news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7. The shares were 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 directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11. The shares sold at an average price of $105.00, for a total transaction of $472,500.00. The explanation of this sale can be found here. In the last three months, insiders have sold 373,052 shares of the company’s stock worth $38,603,796. Corporate insiders own 1.40% of the company’s shares.

Analyst upgrades and downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7. The Goldman Sachs Group initiated coverage on shares of Church & Dwight in a report on Friday, March 1st. They set a buy rating and a $110.00 price target on the stock. Royal Bank of Canada lifted their target price 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. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Finally, Barclays raised their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a report on Friday, April 12. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $104.07.

Read our latest CHD stock report

About Church and Dwight

(Get a free report)

Church & Dwight Co, Inc develops, manufactures and sells household, personal care and specialty products. It operates in three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, 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, detergents and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatory products under the NAIR brand; oral analgesics under the brand ORAJEL; detergents under the XTRA brand; gummy nutritional supplements under the brands L’IL CRITTERS and VITAFUSION; dry shampoos under the BATISTE brand; water flossers and shower heads under the WATERPIK brand; cold shortening and embossing products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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