Brokerages Expect Campbell Soup (NYSE:CPB) to Post $0.68 EPS

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.

Several research analysts have recently issued reports on the stock. Evercore ISI reiterated a “hold” rating on shares of Campbell Soup in a report on Thursday, December 16th. Credit Suisse Group increased their target price on shares of Campbell Soup from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Campbell Soup from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Tuesday, November 23rd. Morgan Stanley raised their price objective on shares of Campbell Soup from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Citigroup cut their price target on shares of Campbell Soup from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, October 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.11.

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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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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