Wall Street brokerages predict that Campbell Soup (NYSE:CPB) will announce sales of $2.04 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Campbell Soup’s earnings, with estimates ranging from $2.00 billion to $2.05 billion. Campbell Soup posted sales of $1.78 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The business is expected to announce its next earnings results on Friday, September 4th.
According to Zacks, analysts expect that Campbell Soup will report full year sales of $8.62 billion for the current fiscal year, with estimates ranging from $8.58 billion to $8.64 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $8.19 billion, with estimates ranging from $7.92 billion to $8.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Campbell Soup.
Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, June 3rd. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. Campbell Soup had a net margin of 18.34% and a return on equity of 46.05%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. Campbell Soup’s quarterly revenue was up 14.6% on a year-over-year basis.
NYSE CPB traded up $0.85 on Monday, hitting $49.25. The stock had a trading volume of 1,491,145 shares, compared to its average volume of 2,773,831. The company’s 50-day moving average is $49.73 and its two-hundred day moving average is $48.82. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.99 and a beta of 0.43. Campbell Soup has a one year low of $39.78 and a one year high of $57.54. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 2.01.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, July 14th. Campbell Soup’s dividend payout ratio (DPR) is currently 60.87%.
Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC increased its position in shares of Campbell Soup by 1,114.3% during the 1st quarter. Squarepoint Ops LLC now owns 68,039 shares of the company’s stock worth $3,141,000 after purchasing an additional 62,436 shares in the last quarter. Credit Suisse AG increased its position in Campbell Soup by 5.7% in the 4th quarter. Credit Suisse AG now owns 464,034 shares of the company’s stock valued at $22,933,000 after acquiring an additional 24,905 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Campbell Soup by 34.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 8,850 shares of the company’s stock valued at $409,000 after acquiring an additional 2,288 shares in the last quarter. Ameritas Investment Company LLC increased its position in Campbell Soup by 81.3% in the 4th quarter. Ameritas Investment Company LLC now owns 553 shares of the company’s stock valued at $27,000 after acquiring an additional 248 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Campbell Soup by 2.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 23,384 shares of the company’s stock valued at $1,079,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 47.66% 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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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