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Wednesday, September 30, 2020

Church & Dwight Co. Inc. (NYSE:CHD) is Gaining Momentum on Earnings Catalyst

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The Church & Dwight Co. Inc. (CHD) shares are trading at lower $85.87 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $78.07.

To add more color to this target, the company’s high over the last year is $86.95 and the low is $47.98. Over the last 52 weeks, CHD is down -1.24% while the S&P 500 is down -0.64%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CHD reported a profit of $532.0 million. Church & Dwight Co. Inc. also saw revenues increase to $1.17 billion. In addition, CHD has free cash flow of $219.7 million as of 03-2020. The company’s EBITDA came in at $360.8 million which compares well with its peers.

CHD booked profit margins of 15.00%, its Return on Equity (ROE) is 25.20%, and its Return on Assets is 9.80%. All told, it is clear that, CHD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHD has a short ratio of 4.10 and outstanding shares of 245.60M.

Company Outlook

CHD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.75 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.66. Church & Dwight Co. Inc. CHD also noted assets of $7.49 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CHD has historically followed its peers on positive news.

All told, Church & Dwight Co. Inc. CHD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Church & Dwight Co. Inc. CHD is now commanding a market cap of 21.20B and a float of 245.31M. CHD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CHD, either long or short, and we have not been compensated for this article.

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