Campbell’s (NASDAQ:CPB) Releases FY 2027 Earnings Guidance

Campbell’s (NASDAQ:CPB) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.650-1.800 for the period, compared to the consensus EPS estimate of 1.920. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Campbell’s from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley lowered their price objective on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. TD Cowen upped their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group lowered their price target on Campbell’s from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Zacks Research raised Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Thirteen equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $19.94.

Campbell’s Trading Down 3.4%

NASDAQ CPB opened at $21.38 on Friday. Campbell’s has a 1-year low of $19.56 and a 1-year high of $34.17. The company has a current ratio of 0.82, a quick ratio of 0.38 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average of $22.73 and a 200-day moving average of $22.35. The firm has a market cap of $6.38 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.03.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.14 billion for the quarter. Campbell’s had a return on equity of 16.44% and a net margin of 4.04%.Campbell’s’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. As a group, sell-side analysts forecast that Campbell’s will post 1.74 EPS for the current year.

Campbell’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. Campbell’s’s payout ratio is presently 77.23%.

More Campbell’s News

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Management announced a plan targeting approximately $500 million in savings, including workforce reductions and other cost actions. The initiative is intended to repair margins and accelerate debt reduction. Campbell’s slashes 13% of salaried workforce as part of $500M cost-cutting plan
• Positive Sentiment: Campbell’s plans to discuss its business and outlook at a Barclays Global Consumer Staples Conference fireside chat on September 9, giving investors an opportunity to hear more about the turnaround strategy. Campbell’s Barclays conference announcement

Institutional Investors Weigh In On Campbell’s

Several institutional investors and hedge funds have recently bought and sold shares of CPB. Two Sigma Investments LP lifted its holdings in Campbell’s by 534.8% in the third quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock worth $155,916,000 after buying an additional 4,159,398 shares during the period. Brandywine Managers LLC bought a new position in shares of Campbell’s in the 4th quarter worth approximately $92,793,000. Invesco Ltd. lifted its stake in shares of Campbell’s by 42.6% in the 3rd quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock valued at $252,505,000 after purchasing an additional 2,387,575 shares during the period. UBS Group AG lifted its stake in shares of Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Campbell’s by 287.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,377,390 shares of the company’s stock valued at $75,078,000 after purchasing an additional 1,763,870 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

About Campbell’s

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.