Church & Dwight Co Inc.NYSE
Thu, Nov. 3, 10:00 AM
- Church & Dwight (CHD -5.2%) reports organic sales growth of 1.2% in Q3 driven by volume growth of 1.7%.
- Consumer domestic net sales rose 1.3% to $664.8M, led by 2.4% growth in household products.
- Consumer international net sales grew 7.3% to $133.8M.
- Specialty products net sales fell 10.7% to $72.1M.
- Gross margin rate expanded 60 bps to 45.4%.
- SG&A expense rate -30 bps to 11.6%.
- Operating margin rate improved 40 bps to 22.5%.
- Q4 Guidance: Organic sales growth: ~+2.5%; Diluted EPS: $0.42.
- FY2016 Guidance: Organic sales growth: lower end of +3% to +4% range; Gross margin rate: ~+110 bps; SG&A expense rate: 12.5% (+40 bps); Adjsuted operating margin rate: ~+60 bps; Adjusted EPS: +8%; Tax rate: ~35%; Cash from operations: $650M.
Thu, Nov. 3, 7:02 AM
Wed, Nov. 2, 5:30 PM
- AAC, AAON, AAWW, ACIW, ACRE, ACTA, AFSI, AGIO, AGU, AKRX, AMAG, AMCX, AMRN, ANIP, ANSS, APA, ARCB, ARW, AVP, BCE, BDX, BLL, CCC, CCOI, CHD, CHK, CHTR, CI, CLDT, CNSL, COMM, CPK, CRIS, CRZO, CYBR, DDD, DNR, DW, ECA, EFOI, ENB, ENOC, EVA, FCPT, FI, FIG, FMSA, GEL, GEO, GIL, GLOG, GOGO, H, HAR, HFC, HHS, HII, HMHC, HRC, HSC, IBP, ICPT, INSY, IPCC, IQNT, IRWD, IT, KOP, LAMR, LBY, LDOS, LFUS, LINC, LNG, LXP, MFA, MGA, MITK, MITL, MPEL, MPG, MPW, MSGN, NERV, NGS, NNN, NXTM, OGE, ONCE, ONDK, PBH, PDCE, PGTI, PNW, PRFT, PWR, RDUS, RFP, RGEN, ROLL, RWLK, SFM, SGM, SHLX, SMG, SNSS, SPAR, SPGI, SQBG, STFC, STOR, TDY, TGI, THS, TICC, TIME, TK, TNK, TOO, TVPT, TWI, TX, UNT, USCR, VGR, VWR, WILN, WPC, WRLD, ZEUS
Wed, Nov. 2, 11:05 AM
Mon, Sep. 12, 10:48 AM
- Goldman Sachs issues a broad warning on the consumer staples sector with Federal Reserve rate hikes looming in the future and continued pressure in emerging markets.
- General Mills (GIS +0.8%) and Church & Dwight (CHD -0.2%) are singled out as at risk for multiple contraction.
- Staples which Goldman sees performing well in a rising rate environment include Monster Beverage (MNST +0.1%), Kraft Heinz (KHC +1.5%), and Philip Morris.
- ETFs: XLP, VDC, FXG, RHS, FSTA, CNSF, JHMS.
Fri, Sep. 2, 12:15 PM
Thu, Aug. 4, 10:34 AM
- Church & Dwight (CHD +2.1%) reports organic sales growth of 3.7% in Q2 driven by volume +3.1% and favorable product mix and pricing +0.6%.
- Consumer domestic net sales increased 4.9% to $669.8M, led by 9.9% growth in personal care products.
- Consumer international net sales expanded 4.2% to $136.4M.
- Specialty products net sales declined 8.6% to $71.2M.
- Gross margin rate improved 250 bps to 46.5%.
- SG&A expense rate fell 70 bps to 12.8%.
- Operating margin rate grew 220 bps to 20%.
- Q3 Guidance: Organic sales growth: ~+1% to +2%; Diluted EPS: $0.92.
- FY2016 Guidance: Organic sales growth: ~+3.0% to 4%; Gross margin rate: ~+110 bps; Market spending: ~12.4% of total sales; SG&A expense rate: 12.5% (+40 bps); Operating margin rate: ~+50 bps; Adjusted EPS: $3.50 to $3.54 (+8% to +9%); Tax rate:~35%.
Thu, Aug. 4, 7:02 AM
Wed, Aug. 3, 5:30 PM
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Wed, Jul. 13, 11:35 AM
- It's steady as she goes again for the group of well-known consumer staples stocks that investors continue to find appealing amid global volatility and low interest rates.
- Procter & Gamble (PG +0.2%), Colgate-Palmolive (CL +0.4%), Clorox (CLX +0.6%), Kimbery-Clark (KMB +0.3%), Coca-Cola (KO +0.2%), PepsiCo (PEP +0.7%), Altria Group (MO +0.5%), Philip Morris International (PM +0.1%), Church & Dwight (CHD +0.3%), and Unilever (UN, UL) have all outperformed the S&P 500 Index this year with returns ranging from 7% to 18%. Kraft Heinz (KHC +1%), Energizer (ENR -0.6%), Hershey (HSY +0.4%), Campbell Soup (CPB +0.3%), and J.M. Smucker (SJM +0.4%) are all up at least 20% YTD.
- Goldman Sachs has an explanation on why a generous valuation is warranted for the staples favorites.
- "We raise our average Staples target multiples to 20-22X P/E, up from the 19-20X range prior, to reflect the recent decline in 10-year yield as well as some likelihood of a slower rise in yield over the next 12 months and broader market volatility," wrote the MNST)+(NYSE:STZ)+(NYSE:PF)/11822884.html" target="_blank">analyst team covering the sector in a note to investors.
- Top consumer staples picks from GS include Monster Beverage (MNST +0.4%), Constellation Brands (STZ +0.2%), Pinnacle Foods (PF +1.2%), and Post Holdings (POST +0.5%).
- Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
Mon, Jun. 27, 11:16 AM
- The outperformance of low-P/E stocks that marked H1 is behind us, says RBC's Jonathan Golub, and it's time for the "Stable Growers" to re-asset leadership. He cautions about putting money to work too quickly though, noting the pullback so far has been limited.
- His list of Stable Growers (page 1, page 2): CHD, CL, CVS, K, MO, PEP, PG, PM, BCR, BDX, DGX, DVA, HSIC, JNJ, LH, MDT, SYK, TMO, UNH, ZBH, AFL, AON, MMC, TMK, CTAS, DHR, HON, ITW, LMT, MMM, NLSN, RSG, RTN, UPS, VRSK, WM, XYL, CMCSA, MCD, OMC, ADP, APH, EMC, MA, T, VZ, ECL, PX
Mon, Jun. 13, 1:24 PM
Thu, May 19, 10:48 AM
- Church & Dwight (NYSE:CHD) says it's not engaged in talks with any party over a takeover bid or sale of one its units.
- The company adds that it hasn't even received any communication over a potential bid.
- Investors still seem unconvinced that there isn't something going on. CHD is still up 8.34% on the day after setting an all-time high earlier.
Thu, May 19, 9:18 AM
Thu, May 19, 8:56 AM
- Sterne Agee analyst April Scee says it makes more sense that Reckitt Benckiser (OTCPK:RBGLY, OTCPK:RBGPF) will make an offer for Church & Dwight (NYSE:CHD) than Procter & Gamble (NYSE:PG).
- Though the P&G buyout speculation that drove Church & Dwight to a +20% premarket spike yesterday fizzled, there's still some leftover M&A intrigue around the company due to its strong presence in the U.S.
- CHD +6.73% premarket to $103.51. For its part, Procter & Gamble is down 3% over the last few sessions with more retailers reporting tepid U.S. demand for consumer products.
Wed, May 18, 9:25 AM
- Shares of Church & Dwight (NYSE:CHD) are extremely active in the premarket session amid some talk that Procter & Gamble is interesting in acquiring the company.
- The speculation appears to have been kicked off on a Spanish news site, but is already losing steam rapidly.
- CHD which was up more 25% for a few trades is now +3.57%.