Church & Dwight Reports Third Quarter Results
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Church & Dwight (CHD) PT, Estimates Trimmed at Jefferies; Issues Seen as Transitory
November 4, 2016 8:27 AM EDTJefferies analyst Kevin Grundy lowered estimates and his price target on Church & Dwight Co. Inc. (NYSE: CHD) to $53.00 (from $59.00) but maintained a Buy rating. The analyst said transitory issues weighed on Q3 results.
Grundy commented, "Despite in-line EPS of $0.47, CHD's 3Q wasn't... More
Church & Dwight (CHD) Reports In-Line Q3 EPS
November 3, 2016 7:02 AM EDTChurch & Dwight (NYSE: CHD) reported Q3 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $870.7 million versus the consensus estimate of $884.82 million.
Matthew T. Farrell, President and Chief Executive Officer, commented, We are pleased with our Consumer organic sales and the companys earnings growth as our business overcame continued headwinds faced by our Specialty Products business. Our continued gross margin expansion in the third quarter provided us flexibility with our marketing and promotional investments to protect and grow our brand equities.
Outlook for 2016 and 2017
Mr. Farrell... More
