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

Church & Dwight (NYSE:CHD - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.420-3.460 for the period, compared to the consensus earnings per share estimate of 3.450. The company issued revenue guidance of $6.1 billion-$6.2 billion, compared to the consensus revenue estimate of $6.1 billion. Church & Dwight also updated its Q2 2024 guidance to 0.830-0.830 EPS.

Church & Dwight Stock Up 0.2 %

Shares of Church & Dwight stock traded up $0.21 during trading hours on Friday, reaching $106.09. 1,283,889 shares of the company were exchanged, compared to its average volume of 1,298,815. The firm has a market cap of $25.88 billion, a PE ratio of 34.90, a PEG ratio of 3.55 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. Church & Dwight has a 1 year low of $82.25 and a 1 year high of $108.68. The stock's fifty day moving average is $103.57 and its 200 day moving average is $97.65.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.49 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. As a group, equities research analysts forecast that Church & Dwight will post 3.44 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight's payout ratio is 37.17%.

Wall Street Analyst Weigh In

CHD has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a buy rating in a report on Friday. Evercore ISI boosted their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the company an in-line rating in a research report on Friday. Oppenheimer raised their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Argus raised Church & Dwight from a hold rating to a buy rating and set a $115.00 target price for the company in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $109.00 to $112.00 and gave the company a buy rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of Hold and an average price target of $105.63.

Insider Buying and Selling at Church & Dwight

In related news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction dated 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 directly owns 112,719 shares of the company's stock, valued at $11,703,613.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Matthew Farrell sold 275,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 112,719 shares of the company's stock, valued at $11,703,613.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the firm's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now directly owns 6,373 shares of the company's stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is owned by company 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.