Church & Dwight
The 10-second takeaway
For the quarter ended March 31 (Q1), Church & Dwight met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased significantly.
Gross margins grew, operating margins expanded, net margins dropped.
Church & Dwight reported revenue of $779.3 million. The 14 analysts polled by S&P Capital IQ hoped for revenue of $776.6 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $690.6 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 $0.76. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. GAAP EPS of $0.76 for Q1 were 15% higher than the prior-year quarter's $0.66 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 44.9%, 90 basis points better than the prior-year quarter. Operating margin was 21.7%, 80 basis points better than the prior-year quarter. Net margin was 13.8%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $790.0 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $3.25 billion. The average EPS estimate is $2.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 417 members out of 437 rating the stock outperform, and 20 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Church & Dwight a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Church & Dwight is outperform, with an average price target of $61.60.
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