Church & Dwight (NYSE:CHD) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Church & Dwight (NYSE:CHD - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11, Briefing.com reports. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS.

Church & Dwight Stock Performance

Church & Dwight stock traded up $4.84 during midday trading on Friday, hitting $104.75. The company's stock had a trading volume of 2,960,153 shares, compared to its average volume of 1,247,704. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 3.69 and a beta of 0.55. Church & Dwight has a 1-year low of $82.25 and a 1-year high of $110.31. The company has a 50-day moving average price of $102.89 and a two-hundred day moving average price of $104.03.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio is 34.77%.

Analysts Set New Price Targets

Several brokerages recently commented on CHD. Morgan Stanley cut Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target for the company. in a research report on Monday, September 9th. Truist Financial decreased their target price on shares of Church & Dwight from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Barclays boosted their target price on shares of Church & Dwight from $82.00 to $86.00 and gave the stock an "underweight" rating in a report on Friday, October 11th. Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $107.50.

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company's stock.

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.