Campbell Soup (NYSE:CPB) Issues FY20 Earnings Guidance

Campbell Soup (NYSE:CPB) issued an update on its FY20 earnings guidance on Friday morning. The company provided EPS guidance of $2.50-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57. Campbell Soup also updated its FY 2020 guidance to $2.50-2.55 EPS.

Several analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Campbell Soup in a report on Tuesday, June 11th. They set an in-line rating and a $43.00 price objective for the company. ValuEngine raised shares of Campbell Soup from a sell rating to a hold rating in a report on Monday, May 13th. JPMorgan Chase & Co. raised shares of Campbell Soup from an underweight rating to a neutral rating and upped their price objective for the stock from $40.00 to $41.00 in a report on Tuesday, August 20th. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an underperform rating in a report on Thursday, June 6th. Finally, Barclays reissued a sell rating and issued a $43.00 price target on shares of Campbell Soup in a report on Sunday, June 16th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of Hold and an average target price of $39.40.

Campbell Soup stock traded up $1.69 during mid-day trading on Friday, reaching $45.00. The company had a trading volume of 11,215,355 shares, compared to its average volume of 1,792,481. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 6.07. Campbell Soup has a 52 week low of $32.03 and a 52 week high of $48.03. The company has a 50 day moving average of $41.92 and a 200-day moving average of $39.22. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 3.27 and a beta of 0.51.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Campbell Soup will post 2.55 earnings per share for the current fiscal year.

In other news, VP Stanley Polomski sold 9,732 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $41.01, for a total value of $399,109.32. Following the completion of the transaction, the vice president now owns 24,540 shares in the company, valued at approximately $1,006,385.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Randall W. Larrimore sold 3,400 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $41.36, for a total transaction of $140,624.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,132 shares of company stock valued at $780,333. Insiders own 37.20% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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