Campbell's (NASDAQ:CPB) Posts Earnings Results, Beats Estimates By $0.05 EPS

Key Points

• Campbell's reported a quarterly earnings per share (EPS) of $0.62, exceeding analyst expectations of $0.57 by $0.05.
• The company experienced a trading decline of 1.5% in its share price following the earnings announcement.
• Analysts have mixed ratings on the stock, with three rating it a Buy, twelve a Hold, and five a Sell, leading to an average target price of $38.11.

Campbell's (NASDAQ:CPB - Get Free Report) released its earnings results on Wednesday. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05, Zacks reports. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell's had a return on equity of 22.95% and a net margin of 5.87%.Campbell's's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.08 earnings per share. Campbell's updated its FY 2026 guidance to 2.400-2.550 EPS.

Campbell's Stock Up 4.2%

NASDAQ CPB traded up $1.37 during trading on Friday, reaching $34.03. 9,019,885 shares of the company's stock were exchanged, compared to its average volume of 6,549,119. Campbell's has a fifty-two week low of $29.39 and a fifty-two week high of $52.81. The firm has a market capitalization of $10.15 billion, a PE ratio of 17.02, a P/E/G ratio of 11.30 and a beta of 0.05. The company has a current ratio of 0.77, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56. The company's fifty day simple moving average is $32.00 and its 200-day simple moving average is $35.02.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPB. UBS Group lowered their target price on Campbell's from $33.00 to $30.00 and set a "sell" rating on the stock in a report on Friday, August 29th. TD Cowen lifted their target price on Campbell's from $29.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday. Wells Fargo & Company lowered their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Royal Bank Of Canada decreased their price target on Campbell's from $44.00 to $38.00 and set a "sector perform" rating for the company in a research report on Tuesday, June 3rd. Finally, Barclays decreased their price target on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $36.06.

Institutional Investors Weigh In On Campbell's

A number of institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in shares of Campbell's by 1.3% during the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company's stock worth $366,585,000 after purchasing an additional 149,679 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Campbell's by 2,283.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,154,599 shares of the company's stock worth $35,388,000 after purchasing an additional 1,106,166 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Campbell's by 596.3% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company's stock worth $33,289,000 after purchasing an additional 930,120 shares in the last quarter. Man Group plc raised its stake in shares of Campbell's by 12.3% during the 2nd quarter. Man Group plc now owns 911,489 shares of the company's stock worth $27,937,000 after purchasing an additional 100,159 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Campbell's by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 660,543 shares of the company's stock worth $26,369,000 after purchasing an additional 27,374 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell's Company Profile

The Campbell's Company, formerly known as 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.