Church & Dwight (NYSE:CHD) Releases FY 2024 Earnings Guidance

Church & Dwight (NYSE:CHD) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.420-3.420 for the period, compared to the consensus earnings per share estimate of 3.430. The company issued revenue guidance of $6.1 billion-$6.1 billion, compared to the consensus revenue estimate of $6.1 billion. Church & Dwight also updated its Q4 guidance to $0.76 EPS.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $99.91 on Friday. The company has a market cap of $24.46 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 3.71 and a beta of 0.54. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $102.84 and its two-hundred day moving average price is $104.00. Church & Dwight has a twelve month low of $82.25 and a twelve month high of $110.31.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $0.92 EPS. Church & Dwight’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Church & Dwight will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 34.77%.

Analysts Set New Price Targets

CHD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Piper Sandler initiated coverage on Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. Stifel Nicolaus cut their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Barclays lifted their price target on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company cut their price target on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $107.50.

Insiders Place Their Bets

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Company Profile

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.