Economy

Campbell Soup's Profit Drops 4.8%

Campbell Soup's Profit Drops 4.8%

Going toward to the 50-day, we can see that shares are now trading 0.08% off of that figure.

Analysts await Campbell Soup Company (NASDAQ:CPB) to report earnings on May, 19 for the fiscal quarter ending April 2017. Commerce Bank increased its position in shares of Campbell Soup Company by 28.1% in the first quarter. The firm exchanged a volume of 1.68 million shares at hands.

TRADEMARK VIOLATION WARNING: "Campbell Soup Company (CPB) Receives Daily Media Impact Rating of 0.46" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. Waldron Lp bought 3.69M shares as the company's stock 0.00%.

Among 12 analysts covering Campbell Soup (NYSE:CPB), 1 have Buy rating, 6 Sell and 5 Hold. Company's distance from 20 day simple moving average is -0.72% and distance from 50-Day simple moving average is -0.70%.

Campbell Soup Company is a food company, which makes and markets food products.

Campbell Soup Co. reported earnings fell in its fiscal third quarter, missing Wall Street expectations in what its CEO called "a hard environment".

Earnings, adjusted for non-recurring costs, came to 59 cents per share, while the average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

Revenues: Campbell Soup generated total sales of $1,853 million were down 1% year over year and missed the Zacks Consensus Estimate of $1,870 million. The business's revenue was down.9% compared to the same quarter a year ago. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 35.48 and a beta of 0.46.

The company said it expects its full-year sales to be flat to down 1 percent compared with its prior forecast of flat to up 1 percent.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. This represents a $1.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, April 10th. JP Morgan upgraded Campbell Soup Company (NYSE:CPB) on Tuesday, January 19 to "Overweight" rating. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. IFP Advisors Inc increased its stake in Campbell Soup Company by 2.3% in the first quarter.

Several research analysts have issued reports on CPB shares. Campbell Soup Company's Wall Street analysts see -29.67 % negative EPS growth, taking into account the $0.91 EPS reproted in the previous quarter, The stock increased 0.53% or $0.3 during the last trading session, reaching $57.41. Finemark Bank & Trust Tru owns 0.08% invested in Campbell Soup Company (NYSE:CPB) for 15,655 shares. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 10 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Thursday, February 18 with "Sector Perform" rating. Finally, Deutsche Bank AG started coverage on Campbell Soup Company in a research report on Wednesday, February 15th. Stifel Nicolaus boosted their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, January 23rd. Shares for $52.51M were bought by DORRANCE BENNETT. Following the completion of the transaction, the director now directly owns 24,978 shares of the company's stock, valued at approximately $1,432,238.52. RBC Capital Markets maintained Campbell Soup Company (NYSE:CPB) on Friday, September 2 with "Sector Perform" rating. Further, weak organic sales across the Americas Simple Meals and Beverages and Campbell Fresh segments could only be partly compensated by improved results at the company's Global Biscuits and Snacks segment.


  • NHS cyberattack: Trusts were told about security patch last month

    Patients using Princess Royal University Hospital were unaffected by the cyber attack which swept across the NHS last week. The Cyber Security experts have put that numerous hackers have started to build new versions of the original cyber virus.

    'No. No. Next question': Trump's terse Federal Bureau of Investigation denial

    President Trump in the joint press conference emphasized that Colombia is a key partner in the war against drugs. The campaign on Thursday said that it generated US$314,000 online, mostly through small donations.

    Ford updates its 2016 vehicles to support Android Auto and Apple CarPlay

    As long as the system is connected to the Wi-Fi, the update process will keep running in the background. If you're not comfortable doing it yourself, the dealership can also update the system for you.
  • 'SNL' shares outtakes from Melissa McCarthy cruising through the NY streets

    Whatever Sean Spicer's fate at the White House, McCarthy's place on SNL's roster of political heavyweights is practically assured. But you don't want to read this - you want to watch. "What if he's lying to you", asked a reporter during the latest episode.

    Leaders pledge to strengthen European Union ties

    Germany, which has Europe's biggest economy, has vehemently opposed taking direct responsibility for weaker eurozone countries' debts.

    Rex Could Easily Shatter Bones with almost 8000 Pounds of Bite Force

    For the study , the researchers developed a new 3D anatomical model capable of predicting the bite force of animals. Most extinct dinosaurs did not have this bone-splintering ability, nor do modern reptiles.
  • 'Baahubali 2' Hindi version surpasses lifetime collection of 'Dangal'

    Riding high on the response from fans, Rajamouli's Baahubali-2 has crossed the Rs 1,500 crore benchmark recently. In the USA , the movie has become the first Indian film that has crossed the Rs 100 crore benchmark.

    Why Advanced Micro Devices Stock Is Slumping Today

    Monashee Investment Management LLC bought a new position in Advanced Micro Devices during the third quarter worth $9,536,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .

    Sunken Place Steve Harvey's Ex-Wife Suing Him For $60M

    Harvey divorced Shackelford in 2005 and gained custody of their son, whom Shackelford alleges Harvey doesn't let her see. She posted several videos to her You Tube account, including some with Mary, detailing why they are suing Steve.
  • Hudco shares make stellar debut

    Housing and Urban Development Corporation ( HUDCO ) has debuted on exchange at a premium of 21.5 percent at Rs 73.55/share. The government-run firm's share opened at Rs73.45 and touched a high and a low of Rs76.70 and Rs70.55, respectively.

    Hooray! The VW Up GTI is a real thing

    The GTI upgrade is predictably subtle but does enough to make this Up look "proper", we reckon. Once again all figures are reminiscent of those of the Mk1 Golf GTI launched four decades ago.

    MotoGP riders show support as Hayden condition remains 'extremely serious'

    UPDATE: Nicky has now been joined by his brother Tommy and mother Rose who arrived in Italy from the United States earlier today. Stoner and Hayden, both MotoGP World Champions, were brought together by Ducati to form one of the strongest teams in 2009.