Brokerages expect Campbell Soup (NYSE:CPB) to post $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Campbell Soup’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.49. Campbell Soup reported earnings of $0.70 per share during the same quarter last year, which indicates a negative year over year growth rate of 34.3%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, June 5th.
According to Zacks, analysts expect that Campbell Soup will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.45 to $2.50. For the next year, analysts expect that the company will report earnings of $2.54 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Campbell Soup.
Campbell Soup (NYSE:CPB) last released its earnings results on Wednesday, February 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 24.4% on a year-over-year basis.
Shares of CPB traded down $0.09 during mid-day trading on Monday, hitting $38.50. The company had a trading volume of 20,477 shares, compared to its average volume of 2,531,821. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.37 and a current ratio of 0.70. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $43.98. The stock has a market capitalization of $11.52 billion, a PE ratio of 13.42, a P/E/G ratio of 2.57 and a beta of 0.43.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 11th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $1.40 annualized dividend and a yield of 3.64%. Campbell Soup’s payout ratio is 48.78%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CPB. Piedmont Investment Advisors Inc. raised its stake in shares of Campbell Soup by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,968 shares of the company’s stock valued at $456,000 after purchasing an additional 272 shares during the period. Catalyst Capital Advisors LLC raised its stake in shares of Campbell Soup by 27.1% during the first quarter. Catalyst Capital Advisors LLC now owns 70,400 shares of the company’s stock valued at $2,684,000 after purchasing an additional 15,000 shares during the period. Barings LLC purchased a new stake in shares of Campbell Soup during the first quarter valued at approximately $209,000. Penserra Capital Management LLC purchased a new stake in shares of Campbell Soup during the first quarter valued at approximately $39,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Campbell Soup by 8.2% during the first quarter. Great West Life Assurance Co. Can now owns 410,044 shares of the company’s stock valued at $15,592,000 after purchasing an additional 31,212 shares during the period. Hedge funds and other institutional investors own 52.46% of the company’s stock.
Campbell Soup Company Profile
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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