Church & Dwight
The 10-second takeaway
For the quarter ended March 31 (Q1), Church & Dwight beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Gross margins dropped, operating margins grew, and net margins expanded.
Church & Dwight reported revenue of $690.6 million. The 11 analysts polled by S&P Capital IQ expected revenue of $673.6 million on the same basis. GAAP reported sales were 7.5% higher than the prior-year quarter's $642.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.66. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.66 for Q1 were 14% higher than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.8%, 110 basis points worse than the prior-year quarter. Operating margin was 20.7%, 30 basis points better than the prior-year quarter. Net margin was 13.9%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $701.9 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $2.85 billion. The average EPS estimate is $2.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 365 members rating the stock outperform, and 17 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give Church & Dwight a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Church & Dwight is hold, with an average price target of $48.88.
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