Church & Dwight
The 10-second takeaway
For the quarter ended June 30 (Q2), Church & Dwight met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.
Gross margins dropped, operating margins grew, net margins shrank.
Church & Dwight reported revenue of $696.4 million. The 12 analysts polled by S&P Capital IQ predicted sales of $702.7 million on the same basis. GAAP reported sales were 3.2% higher than the prior-year quarter's $674.9 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 $0.56. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.56 for Q2 were 1.8% lower than the prior-year quarter's $0.57 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 43.5%, 100 basis points worse than the prior-year quarter. Operating margin was 17.6%, 10 basis points better than the prior-year quarter. Net margin was 11.4%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $719.5 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $2.86 billion. The average EPS estimate is $2.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 402 members out of 419 rating the stock outperform, and 17 members rating it underperform. Among 131 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 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 $53.65.
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