Campbell Soup (NYSE:CPB) Expected to Post Earnings of $0.41 Per Share

Brokerages predict that Campbell Soup (NYSE:CPB) will announce $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Campbell Soup’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.42. Campbell Soup reported earnings per share of $0.25 in the same quarter last year, which would indicate a positive year over year growth rate of 64%. The company is scheduled to announce its next earnings report on Thursday, August 29th.

On average, analysts expect that Campbell Soup will report full year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.53 to $2.55. For the next fiscal year, analysts forecast that the business will post earnings of $2.60 per share, with EPS estimates ranging from $2.56 to $2.64. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, June 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share.

A number of equities research analysts recently commented on the company. Barclays reiterated a “sell” rating and issued a $43.00 target price on shares of Campbell Soup in a research report on Sunday, June 16th. ValuEngine downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Evercore ISI assumed coverage on Campbell Soup in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $43.00 target price on the stock. Finally, Bank of America set a $30.00 target price on Campbell Soup and gave the stock a “sell” rating in a research report on Thursday, February 28th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Campbell Soup presently has an average rating of “Hold” and a consensus target price of $40.36.

NYSE:CPB opened at $41.03 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $12.41 billion, a P/E ratio of 14.30, a PEG ratio of 3.21 and a beta of 0.46. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $43.98.

In other Campbell Soup news, VP Stanley Polomski sold 9,732 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $41.01, for a total transaction of $399,109.32. Following the sale, the vice president now directly owns 24,540 shares of the company’s stock, valued at $1,006,385.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall W. Larrimore sold 3,400 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. Insiders own 37.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPB. Vanguard Group Inc grew its stake in shares of Campbell Soup by 1.1% during the third quarter. Vanguard Group Inc now owns 20,757,540 shares of the company’s stock valued at $760,348,000 after buying an additional 221,311 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Campbell Soup by 6.1% during the fourth quarter. Advisors Asset Management Inc. now owns 12,193 shares of the company’s stock valued at $402,000 after buying an additional 697 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Campbell Soup by 1,179.8% during the fourth quarter. Mackenzie Financial Corp now owns 156,140 shares of the company’s stock valued at $5,151,000 after buying an additional 143,940 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Campbell Soup by 8.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 11,696 shares of the company’s stock valued at $386,000 after buying an additional 897 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Campbell Soup by 12.5% during the fourth quarter. First Trust Advisors LP now owns 759,511 shares of the company’s stock valued at $25,056,000 after buying an additional 84,259 shares during the last quarter. 52.05% of the stock is currently owned by hedge funds and other institutional investors.

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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