Campbell's (NASDAQ:CPB) Issues FY 2026 Earnings Guidance

Key Points

• Campbell's issued FY 2026 earnings guidance with an expected earnings per share (EPS) range of 2.400-2.550 and revenue guidance of $10.0 billion-$10.2 billion.
• The company's stock rose by 3.2% following the announcement, currently priced at $32.47 per share, with a market cap of $9.68 billion.
• Recent analyst reports showed downgrades in price targets, with Morgan Stanley reducing their target from $35.00 to $32.00 and Argus changing their rating from "buy" to "hold".

Campbell's (NASDAQ:CPB - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.400-2.550 for the period. The company issued revenue guidance of $10.0 billion-$10.2 billion.

Campbell's Trading Up 4.2%

CPB traded up $1.37 during mid-day trading on Friday, hitting $34.03. 9,019,885 shares of the stock were exchanged, compared to its average volume of 6,549,119. The firm's fifty day moving average is $32.00 and its two-hundred day moving average is $35.02. Campbell's has a 1-year low of $29.39 and a 1-year high of $52.81. The company has a market cap of $10.15 billion, a PE ratio of 17.02, a PEG 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.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate 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 posted $3.08 EPS. Campbell's has set its FY 2026 guidance at 2.400-2.550 EPS. Equities analysts forecast that Campbell's will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. began coverage on shares of Campbell's in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price target for the company. DA Davidson decreased their target price on Campbell's from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Wells Fargo & Company cut their price target 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. Evercore ISI decreased their price objective on Campbell's from $46.00 to $41.00 and set an "in-line" rating for the company in a research note on Thursday, May 29th. Finally, UBS Group lowered their price objective on Campbell's from $33.00 to $30.00 and set a "sell" rating for the company in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $36.06.

Hedge Funds Weigh In On Campbell's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd grew 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 during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Campbell's by 596.3% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,086,092 shares of the company's stock valued at $33,289,000 after purchasing an additional 930,120 shares during the period. Brevan Howard Capital Management LP purchased a new stake in Campbell's during the second quarter worth about $5,967,000. State Street Corp grew its position in Campbell's by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company's stock worth $366,585,000 after buying an additional 149,679 shares during the period. Finally, Bank of America Corp DE grew its position in Campbell's by 29.9% during the second quarter. Bank of America Corp DE now owns 618,776 shares of the company's stock worth $18,965,000 after buying an additional 142,290 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

About Campbell's

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.