Church & Dwight Co., Inc. to Post Q3 2024 Earnings of $0.67 Per Share, Zacks Research Forecasts (NYSE:CHD)

Church & Dwight Co., Inc. (NYSE:CHD) – Equities research analysts at Zacks Research cut their Q3 2024 EPS estimates for Church & Dwight in a note issued to investors on Thursday, August 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.84. The consensus estimate for Church & Dwight’s current full-year earnings is $3.43 per share. Zacks Research also issued estimates for Church & Dwight’s Q4 2024 earnings at $0.86 EPS, Q3 2025 earnings at $0.84 EPS and FY2026 earnings at $3.92 EPS.

Other equities analysts have also recently issued research reports about the stock. HSBC increased their price objective on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Evercore ISI dropped their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Barclays increased their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. BNP Paribas assumed coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. Finally, Truist Financial dropped 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 report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus target price of $106.58.

Church & Dwight Price Performance

NYSE:CHD opened at $102.16 on Monday. The stock has a market cap of $24.98 billion, a P/E ratio of 32.43, a PEG ratio of 3.46 and a beta of 0.52. Church & Dwight has a one year low of $82.25 and a one year high of $110.31. The company has a fifty day moving average price of $103.04 and a 200 day moving average price of $103.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Church & Dwight during the fourth quarter worth $23,250,000. CWM LLC boosted its position in Church & Dwight by 6.8% during the fourth quarter. CWM LLC now owns 9,030 shares of the company’s stock worth $854,000 after purchasing an additional 572 shares during the period. Atria Wealth Solutions Inc. boosted its position in Church & Dwight by 24.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,468 shares of the company’s stock worth $1,179,000 after purchasing an additional 2,422 shares during the period. Syon Capital LLC boosted its position in Church & Dwight by 18.3% during the fourth quarter. Syon Capital LLC now owns 2,593 shares of the company’s stock worth $245,000 after purchasing an additional 401 shares during the period. Finally, Truist Financial Corp boosted its position in Church & Dwight by 8.6% during the fourth quarter. Truist Financial Corp now owns 44,953 shares of the company’s stock worth $4,251,000 after purchasing an additional 3,573 shares during the period. 86.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the sale, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the sale, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,722 shares of company stock worth $23,139,816. Company insiders own 2.00% of the company’s stock.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.2838 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is currently 35.87%.

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.