Campbell Soup (NYSE:CPB) Issues Earnings Results, Misses Expectations By $0.05 EPS

Campbell Soup (NYSE:CPB) posted its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05), Bloomberg Earnings reports. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $1.00 EPS. Campbell Soup’s quarterly revenue was down 1.9% compared to the same quarter last year. Campbell Soup updated its FY18 guidance to $2.95-3.02 EPS.

Shares of Campbell Soup (NYSE CPB) traded up $0.36 during mid-day trading on Wednesday, reaching $50.19. 2,252,647 shares of the company’s stock were exchanged, compared to its average volume of 2,009,365. Campbell Soup has a twelve month low of $44.99 and a twelve month high of $64.23. The stock has a market capitalization of $15,122.59, a PE ratio of 17.12, a P/E/G ratio of 3.82 and a beta of 0.40. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.79%. Campbell Soup’s dividend payout ratio is currently 48.95%.

Several analysts have weighed in on CPB shares. Royal Bank Of Canada set a $56.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Goldman Sachs Group decreased their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Sunday, September 3rd. UBS reduced their price target on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, November 9th. Credit Suisse Group set a $41.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 24th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $47.00 price target (down previously from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $49.91.

In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luca Mignini acquired 4,300 shares of the stock in a transaction on Wednesday, September 27th. The shares were acquired at an average price of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is currently owned by corporate insiders.

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Campbell Soup Company Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Earnings History for Campbell Soup (NYSE:CPB)

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