Brokerages Expect Campbell Soup (CPB) to Announce $0.70 Earnings Per Share

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Wall Street analysts predict that Campbell Soup (NYSE:CPB) will post earnings of $0.70 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Campbell Soup’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.77. Campbell Soup posted earnings of $1.00 per share during the same quarter last year, which suggests a negative year over year growth rate of 30%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, February 27th.

According to Zacks, analysts expect that Campbell Soup will report full year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.50. For the next fiscal year, analysts anticipate that the company will report earnings of $2.60 per share, with EPS estimates ranging from $2.57 to $2.62. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Tuesday, November 20th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. Campbell Soup had a return on equity of 53.81% and a net margin of 1.95%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 24.7% compared to the same quarter last year.

CPB has been the topic of several research reports. UBS Group set a $33.00 price target on Campbell Soup and gave the company a “sell” rating in a research note on Friday, November 16th. ValuEngine upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Credit Suisse Group set a $33.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, November 20th. Deutsche Bank set a $40.00 price objective on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Ten investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Sell” and a consensus price target of $38.71.

CPB traded down $0.13 on Monday, hitting $34.16. 2,336,946 shares of the stock traded hands, compared to its average volume of 2,701,867. Campbell Soup has a 52 week low of $32.03 and a 52 week high of $48.10. The company has a quick ratio of 0.35, a current ratio of 0.69 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 2.52 and a beta of 0.43.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 28th. Investors of record on Wednesday, January 9th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 8th. This represents a $1.40 dividend on an annualized basis and a yield of 4.10%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. Csenge Advisory Group bought a new stake in Campbell Soup during the 3rd quarter worth approximately $33,000. Flagship Harbor Advisors LLC grew its position in Campbell Soup by 49.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock worth $42,000 after acquiring an additional 425 shares during the last quarter. Doyle Wealth Management bought a new stake in Campbell Soup during the 4th quarter worth approximately $53,000. Pearl River Capital LLC bought a new stake in Campbell Soup during the 4th quarter worth approximately $126,000. Finally, Steward Partners Investment Advisory LLC grew its position in Campbell Soup by 367.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock worth $132,000 after acquiring an additional 2,822 shares during the last quarter. Institutional investors and hedge funds own 53.14% of the company’s stock.

Campbell Soup Company Profile

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.

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