Equities Analysts Offer Predictions for Church & Dwight Co., Inc.'s Q2 2024 Earnings (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD - Free Report) - Investment analysts at Zacks Research decreased their Q2 2024 EPS estimates for Church & Dwight in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the company will earn $0.90 per share for the quarter, down from their prior estimate of $0.91. 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 Q1 2025 earnings at $0.88 EPS, Q2 2025 earnings at $0.94 EPS and Q4 2025 earnings at $0.91 EPS.

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

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price target on shares of Church & Dwight from $94.00 to $103.00 and gave the stock a "sector perform" rating in a research report on Monday, February 5th. Argus upgraded shares of Church & Dwight from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Friday, February 23rd. Oppenheimer increased their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Barclays increased their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the company an "underweight" rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the company an "underweight" rating in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $103.27.

Church & Dwight Price Performance

Shares of CHD traded up $1.15 during mid-day trading on Friday, hitting $104.35. 1,103,763 shares of the company were exchanged, compared to its average volume of 1,290,799. Church & Dwight has a 1-year low of $82.25 and a 1-year high of $105.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The company has a 50 day moving average of $102.01 and a 200-day moving average of $96.50. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a dividend of $0.2838 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's dividend payout ratio (DPR) is presently 37.17%.

Insider Buying and Selling

In related news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company's stock, valued at approximately $638,702.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 of the company's stock, valued at approximately $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Church & Dwight

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company's stock worth $2,861,865,000 after buying an additional 354,946 shares in the last quarter. Capital International Investors raised its holdings in shares of Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company's stock valued at $851,414,000 after purchasing an additional 2,533,877 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Church & Dwight by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company's stock valued at $751,405,000 after purchasing an additional 217,047 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Church & Dwight by 106,565.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company's stock valued at $539,200,000 after purchasing an additional 6,682,725 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Church & Dwight by 89.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company's stock worth $552,283,000 after acquiring an additional 2,839,783 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.