Church & Dwight Analysts Slash Their Forecasts After Q2 Results
Church & Dwight Analysts Slash Their Forecasts After Q2 Results
Church & Dwight Co., Inc. (NYSE:CHD) reported upbeat second-quarter adjusted EPS results on Friday.
周五，Church & Dwight Co.， Inc.（纽交所：CHD）报告了令人振奋的第二季度调整后的每股收益结果。
Church & Dwight reported quarterly earnings of 93 cents per share which beat the analyst consensus estimate of 84 cents per share. The company reported quarterly sales of $1.511 billion which met the analyst consensus estimate, according to data from Benzinga Pro.
Church & Dwight报告季度收益为每股93美分，超过了84美分的分析师共识估计。根据Benzinga Pro的数据，公司报告了每季度1511万美元的销售额，达到了分析师共识预测。
Matthew Farrell, Chief Executive Officer, commented, "We are really pleased with another strong quarter. The Company is performing well with all three divisions delivering organic growth. Our outstanding Q2 results reflect the strength of our brands, the early success of our new products, and our perennial focus on execution. Volume was the primary driver of organic growth, and we expect volume growth to continue for the rest of the year. Marketing as a percent of sales increased 100 basis points driving strong consumption and share gains. Global online sales grew to 21.2% of total consumer sales in Q2. And finally, the combination of strong sales, margin expansion, and efficient working capital management resulted in strong cash flow generation in the first half, with over $1 billion of cash from operations expected in the full year."
首席执行官Matthew Farrell评论道：“我们非常满意又一个强劲的季度。该公司的业绩表现良好，所有三个部门都实现了有机增长。我们杰出的Q2成绩反映出我们品牌的优势，新产品的早期成功以及我们始终关注执行。 成交量是有机增长的主要驱动因素，我们预计成交量增长将在今年余下时间内持续。 经营费用占销售额的百分比增加了100个基点，推动了强劲的消费和份额增长。全球在线销售占Q2总消费者销售额的21.2％。最后，在强劲的销售，边际扩张和高效的营运资本管理的结合下，上半年我们实现了强劲的现金流生成，预计全年的现金流从运营活动将超过10亿美元。”
Church & Dwight shares gained 0.9% to trade at $99.43 on Monday.
周一，Church & Dwight的股价上涨0.9％，报99.43美元。
These analysts made changes to their price targets on Church & Dwight following earnings announcement.
这些分析师在公布收益报告后对Church & Dwight的目标股价进行了调整。
- Wells Fargo analyst Chris Carey maintained Church & Dwight with an Overweight and lowered the price target from $116 to $108.
- Truist Securities analyst Bill Chappell maintained the stock with a Buy and slashed the price target from $115 to $110.
- Stifel analyst Mark Astrachan maintained Church & Dwight with a Hold and cut the price target from $107 to $105.
- JP Morgan analyst Andrea Teixeira maintained Church & Dwight with an Underweight and lowered the price target from $101 to $97.
- Evercore ISI Group analyst Javier Escalante maintained the stock with an In-Line rating, while lowering the price target from $110 to $101.
- Morgan Stanley analyst Dara Mohsenian maintained Church & Dwight with an Overweight rating and lowered the price target from $114 to $110.
- 富国银行分析师Chris Carey保持对Church & Dwight的超配评级，并将目标股价从116美元下调至108美元。
- Truist证券分析师Bill Chappell保持买入评级，并将目标股价从115美元下调至110美元。
- Stifel分析师Mark Astrachan保持对Church & Dwight的持有评级，并将目标股价从107美元下调至105美元。
- 摩根士丹利分析师Andrea Teixeira维持对Church & Dwight的低配评级，并将目标股价从101美元下调至97美元。
- Evercore分析师Javier Escalante保持中性评级，同时将目标股价从110美元下调至101美元。
- 摩根士丹利分析师Dara Mohsenian维持对Church & Dwight的超配评级，并将目标股价从114美元下调至110美元。
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