Wall Street analysts expect that Campbell Soup (NYSE:CPB) will post $0.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. Campbell Soup reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year-over-year growth rate of 51.9%. The company is expected to announce its next earnings report on Thursday, August 30th.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $2.87 per share for the current financial year, with EPS estimates ranging from $2.85 to $2.89. For the next fiscal year, analysts anticipate that the business will post earnings of $2.89 per share, with EPS estimates ranging from $2.55 to $3.30. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last posted its earnings results on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.10. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.
A number of research firms have weighed in on CPB. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 19th. Sanford C. Bernstein set a $33.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Tuesday, May 22nd. Piper Jaffray Companies set a $43.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Wednesday, April 18th. TheStreet lowered shares of Campbell Soup from a “b-” rating to a “c” rating in a report on Friday, May 18th. Finally, Stifel Nicolaus reduced their price objective on shares of Campbell Soup from $44.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, May 21st. Ten analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Campbell Soup presently has a consensus rating of “Sell” and an average target price of $40.21.
In other news, Director Maria Teresa Hilado acquired 2,000 shares of Campbell Soup stock in a transaction dated Wednesday, June 6th. The shares were bought at an average cost of $33.22 per share, with a total value of $66,440.00. Following the purchase, the director now owns 4,330 shares in the company, valued at approximately $143,842.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 37.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its position in shares of Campbell Soup by 180.0% during the 1st quarter. Whittier Trust Co. now owns 2,800 shares of the company’s stock valued at $121,000 after acquiring an additional 1,800 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of Campbell Soup during the 4th quarter valued at $220,000. Valley National Advisers Inc. lifted its position in shares of Campbell Soup by 101.4% during the 4th quarter. Valley National Advisers Inc. now owns 4,703 shares of the company’s stock valued at $226,000 after acquiring an additional 2,368 shares during the period. Intact Investment Management Inc. acquired a new position in shares of Campbell Soup during the 1st quarter valued at $217,000. Finally, Jump Trading LLC acquired a new position in shares of Campbell Soup during the 1st quarter valued at $229,000. Institutional investors own 48.65% of the company’s stock.
CPB traded up $0.46 during trading on Thursday, reaching $41.49. 3,669,900 shares of the company’s stock were exchanged, compared to its average volume of 4,150,283. Campbell Soup has a one year low of $32.63 and a one year high of $54.37. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.68 and a quick ratio of 0.37. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.53 and a beta of 0.30.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Friday, July 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, July 12th. Campbell Soup’s dividend payout ratio is currently 46.05%.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.
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