Campbell Soup (CPB) Updates FY18 Earnings Guidance

Campbell Soup (NYSE:CPB) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.85-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.12. The company issued revenue guidance of +10-12% to ~$8.68-8.84 billion, compared to the consensus revenue estimate of $8.76 billion.

Campbell Soup stock opened at $39.22 on Friday. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35. Campbell Soup has a 12 month low of $39.09 and a 12 month high of $39.96.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, May 18th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. analysts anticipate that Campbell Soup will post 3.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Wednesday, April 11th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Tuesday, April 10th. Campbell Soup’s dividend payout ratio (DPR) is 46.05%.

Several equities analysts have recently issued reports on CPB shares. Goldman Sachs reissued a sell rating and set a $43.00 price target on shares of Campbell Soup in a report on Friday, April 13th. JPMorgan Chase reissued an overweight rating and set a $48.00 price target (down previously from $50.00) on shares of Campbell Soup in a report on Tuesday, February 20th. Piper Jaffray downgraded shares of Campbell Soup from a neutral rating to an underweight rating and set a $59.00 price target for the company. in a report on Wednesday, February 28th. Morgan Stanley reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an underweight rating for the company in a report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Campbell Soup from a hold rating to a buy rating and set a $48.00 price target for the company in a report on Wednesday, April 18th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $47.82.

In related news, insider Luca Mignini acquired 4,400 shares of Campbell Soup stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $45.53 per share, with a total value of $200,332.00. Following the completion of the acquisition, the insider now directly owns 87,814 shares of the company’s stock, valued at approximately $3,998,171.42. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 37.20% of the company’s stock.

About Campbell Soup

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; and Campbell's tomato juices in the United States, Canada, and Latin America.

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

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