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

Church & Dwight (NYSE:CHD) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.420-3.420 for the period, compared to the consensus earnings per share estimate of 3.460. The company issued revenue guidance of $6.1 billion-$6.1 billion, compared to the consensus revenue estimate of $6.1 billion. Church & Dwight also updated its FY24 guidance to $3.42-3.45 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CHD. Oppenheimer increased their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Truist Financial increased their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a buy rating in a report on Friday, May 3rd. Barclays dropped their target price on shares of Church & Dwight from $82.00 to $80.00 and set an underweight rating for the company in a report on Friday, July 19th. Argus raised their price objective on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Finally, TD Cowen assumed coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a buy rating and a $116.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $106.88.

Church & Dwight Stock Down 1.5 %

Shares of CHD traded down $1.48 on Friday, hitting $98.53. 3,855,940 shares of the stock traded hands, compared to its average volume of 1,584,076. The company has a market capitalization of $24.09 billion, a PE ratio of 31.29, a P/E/G ratio of 3.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The business has a 50 day simple moving average of $104.68 and a 200 day simple moving average of $103.38. Church & Dwight has a one year low of $82.25 and a one year high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Church & Dwight will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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 given a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insiders Place Their Bets

In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the transaction, the chief financial officer now owns 7,634 shares in the company, valued at approximately $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the transaction, the director now owns 13,793 shares in the company, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,346 shares of company stock valued at $19,465,948. Company insiders own 2.00% 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.