They have EPS estimate of $0.87 for the near-term quarter and $3.06 for this year.
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Campbell Soup Company has also declared a cash dividend of $0.3500 on Sep 1, 2016.
Earnings Surprise: According to the earnings report released for Quarter Ending Jul-16, The Company posted actual earnings of $0.46 per share whereas the Analysts projected earnings were $0.50 per share. Wells Fargo & Co. set a $59.50 price objective on Campbell Soup and gave the stock a hold rating in a report on Sunday, September 4th. The average forecast of sales for the year ending April 17 is $5.39B by 32 analysts. The stock recent traded volume was lower as compared with its average volume of 1946540 shares.
Earnings growth is a critical factor to look at when investing in stocks and investors watch for companies that have raised their earnings by at least 25% over the past 3 years.
With about $8 billion in annual sales, Campbell Soup is a large food company, but it’s in a tough market segment, going head-to-head with the likes of Mondelez International, General Mills and Kraft-Heinz. Current price places the company’s stock -3.15% away from its 200-day simple moving average, 0.74%, away from the 50-day average and also -0.47% away from 20-day average. Earlier the firm had a rating of “Buy ” on the company shares. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. Finally, Bank of America Corp. reaffirmed a “neutral” rating on shares of Campbell Soup in a research report on Friday, September 2nd. The previous close of the stock price is registered at $55.38.
Campbell Soup Company (CPB) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -0.52% at a volume of 13,86,969.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. During the same quarter in the previous year, the company posted $0.43 earnings per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, October 7th. Also, insider Jeff Dunn sold 8,459 shares of the company’s stock in a transaction on Thursday, September 8th.
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In other Campbell Soup news, VP William J. According to the SEC, on Sep 6, 2016, Luca Mignini (Senior Vice President) sold 11,255 shares at $57.87 per share price. Following the sale, the vice president now owns 28,952 shares in the company, valued at approximately $1,671,688.48. Macquarie Group Ltd. now owns 188,917 shares of the company’s stock worth $12,569,000 after buying an additional 91,685 shares during the period. National Pension Service boosted its stake in shares of Campbell Soup by 4.7% in the first quarter. 5 analysts have suggested the company is a “Hold”. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Campbell Soup during the second quarter worth about $482,000. Institutional investors own 44.09% of the company’s stock. Finally the shares closed at $55.02. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. Some investors may want to hold onto shares of Campbell Soup because of its nice dividend, but we’d urge caution until Campbell Soup shows signs that it’s overcoming its challenges. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
