Equities analysts predict that Campbell Soup (NYSE:CPB) will post earnings of $0.69 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Campbell Soup’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.71. Campbell Soup reported earnings of $0.79 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.7%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, December 4th.
According to Zacks, analysts expect that Campbell Soup will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.50 to $2.53. For the next year, analysts anticipate that the company will post earnings of $2.67 per share, with EPS estimates ranging from $2.61 to $2.72. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Campbell Soup.
CPB has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on Campbell Soup in a report on Thursday, October 17th. They set an “outperform” rating and a $55.00 price target on the stock. ValuEngine lowered Campbell Soup from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Bank of America raised their price target on Campbell Soup from $36.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, September 3rd. Citigroup raised their price target on Campbell Soup from $48.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Piper Jaffray Companies raised Campbell Soup from an “underweight” rating to a “neutral” rating and raised their price target for the company from $40.00 to $45.00 in a report on Tuesday, September 3rd. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.82.
Large investors have recently added to or reduced their stakes in the stock. Commerce Bank grew its holdings in Campbell Soup by 4.8% during the second quarter. Commerce Bank now owns 10,814 shares of the company’s stock worth $433,000 after acquiring an additional 500 shares during the period. Enlightenment Research LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at $228,000. Oppenheimer & Co. Inc. boosted its position in Campbell Soup by 7.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 80,227 shares of the company’s stock worth $3,763,000 after acquiring an additional 5,501 shares during the period. Trexquant Investment LP acquired a new stake in Campbell Soup during the 2nd quarter worth about $3,235,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in Campbell Soup during the 3rd quarter worth about $169,000. 50.88% of the stock is currently owned by hedge funds and other institutional investors.
CPB stock traded up $0.89 during mid-day trading on Wednesday, reaching $48.47. The company had a trading volume of 5,655,679 shares, compared to its average volume of 2,320,630. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 6.39. The stock has a market capitalization of $14.03 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.11 and a beta of 0.42. Campbell Soup has a one year low of $32.03 and a one year high of $48.89. The stock’s 50-day simple moving average is $46.94 and its two-hundred day simple moving average is $43.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, January 7th. Campbell Soup’s payout ratio is currently 60.87%.
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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
See Also: Cost of Goods Sold (COGS)
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