Church & Dwight Company Inc (NYSE:CHD) develops, manufactures and markets a broad range of household, personal care and specialty products. The company recently came out with its third-quarter 2017 results wherein earnings of 49 cents came ahead of the Zacks Consensus Estimate of 47 cents and also increased 4.3% from the prior-year quarter.
Management projects fourth quarter earnings to be 50 cents a share. 2017 earnings are expected to be $1.92 per share, reflecting a 8.5% growth from the year-ago figure.. The current Zacks Consensus Estimate for the fourth quarter and 2017 are pegged at 53 cents and $1.93, respectively.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has remained stable in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 5.73%.
Revenues: Church & Dwightgenerated total sales of $967.9 million that increased 11.2% year over year and came ahead of the Zacks Consensus Estimate of $936 million. Organic sales during the quarter increased 3.2%. Management now forecasts fourth quarter net sales to increase by 12%, while organic sales are expected to increase 2.5%. It also expects 2017 net sales to increase by 7%.
Key Events: Church & Dwight declared quarterly dividend of 19 cents per share. The company also introduced a new share repurchase program of up to $500 million.
Zacks Rank :Currently, Church & Dwightcarries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Check back later for our full write up on Michael Kors’ earnings report!
Church & Dwight Company, Inc. Price, Consensus and EPS Surprise
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>
Church & Dwight Company, Inc. (CHD): Free Stock Analysis Report
Original post