Brokerages expect Campbell Soup (NYSE:CPB) to announce earnings of $0.68 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Campbell Soup’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.72. Campbell Soup reported earnings of $0.84 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 19%. The company is scheduled to announce its next quarterly earnings results on Wednesday, March 9th.
According to Zacks, analysts expect that Campbell Soup will report full year earnings of $2.78 per share for the current year, with EPS estimates ranging from $2.73 to $2.80. For the next fiscal year, analysts expect that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.85 to $2.96. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Campbell Soup.
Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, December 8th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.08. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.28 billion. Campbell Soup had a net margin of 11.40% and a return on equity of 28.27%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.02 EPS.
CPB opened at $46.38 on Wednesday. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 10.26 and a beta of 0.53. Campbell Soup has a fifty-two week low of $39.76 and a fifty-two week high of $53.77. The company’s 50-day moving average price is $42.55 and its 200 day moving average price is $42.75. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of 1.41.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Thursday, January 6th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, January 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.19%. Campbell Soup’s dividend payout ratio is currently 47.28%.
Hedge funds have recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. acquired a new stake in Campbell Soup during the third quarter worth about $29,000. CX Institutional lifted its holdings in shares of Campbell Soup by 54.5% in the third quarter. CX Institutional now owns 709 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of Campbell Soup by 64.5% in the third quarter. Ellevest Inc. now owns 862 shares of the company’s stock worth $36,000 after acquiring an additional 338 shares during the last quarter. Strategic Blueprint LLC bought a new position in Campbell Soup in the 2nd quarter valued at approximately $46,000. Finally, Dark Forest Capital Management LP bought a new position in Campbell Soup in the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 50.42% of the company’s stock.
About Campbell Soup
Campbell Soup Co engages in manufacture and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Meals and Beverages, and Snacks. The Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America.
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