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.
週五，Church & Dwight Co.， Inc.（紐交所：CHD）報告了令人振奮的第二季度調整後的每股收益結果。
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報告季度收益爲每股93美分，超過了84美分的分析師共識估計。根據Benzinga Pro的數據，公司報告了每季度1511萬美元的銷售額，達到了分析師共識預測。
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."
首席執行官Matthew Farrell評論道：“我們非常滿意又一個強勁的季度。該公司的業績表現良好，所有三個部門都實現了有機增長。我們傑出的Q2成績反映出我們品牌的優勢，新產品的早期成功以及我們始終關注執行。 成交量是有機增長的主要驅動因素，我們預計成交量增長將在今年餘下時間內持續。 經營費用佔銷售額的百分比增加了100個點子，推動了強勁的消費和份額增長。全球在線銷售佔Q2總消費者銷售額的21.2％。最後，在強勁的銷售，邊際擴張和高效的營運資本管理的結合下，上半年我們實現了強勁的現金流生成，預計全年的現金流從運營活動將超過10億美元。”
Church & Dwight shares gained 0.9% to trade at $99.43 on Monday.
週一，Church & Dwight的股價上漲0.9％，報99.43美元。
These analysts made changes to their price targets on Church & Dwight following earnings announcement.
這些分析師在公佈收益報告後對Church & Dwight的目標股價進行了調整。
- 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.
- 富國銀行分析師Chris Carey保持對Church & Dwight的超配評級，並將目標股價從116美元下調至108美元。
- Truist證券分析師Bill Chappell保持買入評級，並將目標股價從115美元下調至110美元。
- Stifel分析師Mark Astrachan保持對Church & Dwight的持有評級，並將目標股價從107美元下調至105美元。
- 摩根士丹利分析師Andrea Teixeira維持對Church & Dwight的低配評級，並將目標股價從101美元下調至97美元。
- Evercore分析師Javier Escalante保持中性評級，同時將目標股價從110美元下調至101美元。
- 摩根士丹利分析師Dara Mohsenian維持對Church & Dwight的超配評級，並將目標股價從114美元下調至110美元。
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譯文內容由第三人軟體翻譯。