Church & Dwight Co., Inc. Expected to Post Q3 2024 Earnings of $0.86 Per Share (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD - Free Report) - Investment analysts at Zacks Research upped their Q3 2024 earnings estimates for shares of Church & Dwight in a research note issued on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.86 per share for the quarter, up from their prior estimate of $0.85. The consensus estimate for Church & Dwight's current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Church & Dwight's FY2024 earnings at $3.41 EPS, Q3 2025 earnings at $0.93 EPS, FY2025 earnings at $3.66 EPS and FY2026 earnings at $4.05 EPS.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company's revenue was up 6.4% compared to the same quarter last year.

CHD has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an "underweight" rating in a report on Thursday, January 18th. Stifel Nicolaus upped their price objective on shares of Church & Dwight from $91.00 to $99.00 and gave the company a "hold" rating in a research note on Monday, February 5th. Oppenheimer raised their target price on Church & Dwight from $107.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Barclays upped their price target on Church & Dwight from $80.00 to $83.00 and gave the company an "underweight" rating in a research report on Friday, April 12th. Finally, UBS Group lifted their price objective on Church & Dwight from $99.00 to $105.00 and gave the stock a "neutral" rating in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $103.27.

Church & Dwight Trading Down 0.3 %

Church & Dwight stock traded down $0.29 during trading hours on Thursday, reaching $103.20. The company had a trading volume of 806,787 shares, compared to its average volume of 1,293,293. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight has a 12-month low of $82.25 and a 12-month high of $105.67. The company has a 50-day moving average price of $101.90 and a 200 day moving average price of $96.41. The firm has a market cap of $25.17 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 3.43 and a beta of 0.53.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's dividend payout ratio is 37.17%.

Insider Buying and Selling at Church & Dwight

In other news, Director Penry W. Price sold 7,752 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $98.29, for a total value of $761,944.08. Following the sale, the director now directly owns 25,692 shares of the company's stock, valued at approximately $2,525,266.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Penry W. Price sold 7,752 shares of the firm's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the transaction, the director now directly owns 25,692 shares in the company, valued at $2,525,266.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 373,052 shares of company stock valued at $38,603,796. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Church & Dwight

Several institutional investors and hedge funds have recently made changes to their positions in CHD. Simplicity Solutions LLC increased its holdings in shares of Church & Dwight by 69.5% in the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company's stock worth $2,483,000 after purchasing an additional 10,762 shares in the last quarter. Crown Oak Advisors LLC bought a new stake in Church & Dwight in the 4th quarter worth about $10,142,000. Assenagon Asset Management S.A. raised its position in Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company's stock worth $5,316,000 after buying an additional 41,804 shares during the last quarter. Schroder Investment Management Group lifted its stake in Church & Dwight by 1,474.7% during the 3rd quarter. Schroder Investment Management Group now owns 233,318 shares of the company's stock valued at $21,379,000 after acquiring an additional 218,501 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Church & Dwight by 21.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 109,150 shares of the company's stock valued at $10,213,000 after acquiring an additional 19,246 shares during the period. Institutional investors own 86.60% of the company's stock.

About Church & Dwight

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.