Q3 2017 EPS Estimates for Church & Dwight Company, Inc. (CHD) Lifted by SunTrust Banks

Church & Dwight Company, Inc. (NYSE:CHD) – Investment analysts at SunTrust Banks increased their Q3 2017 earnings estimates for shares of Church & Dwight Company in a research note issued to investors on Tuesday. SunTrust Banks analyst W. Chappell now anticipates that the firm will post earnings per share of $0.54 for the quarter, up from their previous forecast of $0.52. SunTrust Banks also issued estimates for Church & Dwight Company’s FY2017 earnings at $1.89 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $2.05 EPS.

Other research analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 target price (down from $59.00) on shares of Church & Dwight Company in a research report on Monday, November 7th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Church & Dwight Company in a research report on Tuesday, November 15th. BMO Capital Markets started coverage on Church & Dwight Company in a research report on Friday, December 16th. They issued a “market perform” rating and a $47.00 target price on the stock. RBC Capital Markets set a $45.00 target price on Church & Dwight Company and gave the stock a “hold” rating in a research report on Monday, January 2nd. Finally, Zacks Investment Research lowered Church & Dwight Company from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.29.

Earnings History and Estimates for Church & Dwight Company (NYSE:CHD)

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Church & Dwight Company (NYSE:CHD) opened at 48.24 on Thursday. Church & Dwight Company has a 1-year low of $42.56 and a 1-year high of $53.68. The stock’s 50 day moving average price is $45.25 and its 200 day moving average price is $46.72. The firm has a market cap of $12.37 billion, a P/E ratio of 27.57 and a beta of 0.43.

Church & Dwight Company (NYSE:CHD) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business earned $896 million during the quarter, compared to the consensus estimate of $889.23 million. Church & Dwight Company had a return on equity of 23.11% and a net margin of 13.14%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS.

Several hedge funds have recently made changes to their positions in the company. Atlantic Trust Group LLC increased its stake in shares of Church & Dwight Company by 1.7% in the second quarter. Atlantic Trust Group LLC now owns 136,389 shares of the company’s stock worth $14,032,000 after buying an additional 2,278 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Church & Dwight Company by 66.9% in the third quarter. JPMorgan Chase & Co. now owns 161,818 shares of the company’s stock worth $7,755,000 after buying an additional 64,857 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Church & Dwight Company by 96.1% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 215,652 shares of the company’s stock worth $10,334,000 after buying an additional 105,677 shares in the last quarter. Wendell David Associates Inc. increased its stake in shares of Church & Dwight Company by 98.5% in the third quarter. Wendell David Associates Inc. now owns 248,229 shares of the company’s stock worth $11,895,000 after buying an additional 123,179 shares in the last quarter. Finally, Emerald Acquisition Ltd. increased its stake in shares of Church & Dwight Company by 67.8% in the third quarter. Emerald Acquisition Ltd. now owns 487,464 shares of the company’s stock worth $23,359,000 after buying an additional 197,007 shares in the last quarter. Institutional investors own 79.56% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Q3 2017 EPS Estimates for Church & Dwight Company, Inc. (CHD) Lifted by SunTrust Banks” was first reported by sleekmoney and is the property of of sleekmoney. If you are reading this article on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this article can be accessed at http://sleekmoney.com/q3-2017-eps-estimates-for-church-dwight-company-inc-chd-lifted-by-suntrust-banks/1655743.html.

In other news, EVP Richard A. Dierker acquired 1,000 shares of Church & Dwight Company stock in a transaction on Monday, November 21st. The stock was bought at an average price of $44.82 per share, for a total transaction of $44,820.00. Following the transaction, the executive vice president now owns 5,200 shares of the company’s stock, valued at $233,064. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Britta Bomhard acquired 4,087 shares of Church & Dwight Company stock in a transaction on Monday, November 14th. The stock was purchased at an average price of $43.97 per share, with a total value of $179,705.39. Following the transaction, the executive vice president now directly owns 4,087 shares in the company, valued at approximately $179,705.39. The disclosure for this purchase can be found here. Company insiders own 2.17% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Church & Dwight Company’s previous quarterly dividend of $0.18. Church & Dwight Company’s dividend payout ratio (DPR) is 40.69%.

About Church & Dwight Company

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments: Consumer Domestic, which includes consumer products, as well as other household and personal care products; Consumer International, which markets a range of personal care products, household and over-the-counter products in international markets, and Specialty Products Division (SPD), a producer of sodium bicarbonate.

5 Day Chart for NYSE:CHD

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