Brokerages Expect Campbell Soup (CPB) Will Announce Earnings of $0.69 Per Share

Equities research analysts expect that Campbell Soup (NYSE:CPB) will announce earnings per share of $0.69 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.65. Campbell Soup posted earnings per share of $0.92 in the same quarter last year, which indicates a negative year over year growth rate of 25%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, November 20th.

On average, analysts expect that Campbell Soup will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.44. For the next financial year, analysts forecast that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.56 to $2.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Campbell Soup.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year.

CPB has been the subject of several research analyst reports. Gabelli reaffirmed a “buy” rating on shares of Campbell Soup in a report on Monday, July 16th. Wells Fargo & Co set a $42.00 price objective on shares of Campbell Soup and gave the stock a “hold” rating in a report on Monday, August 20th. Deutsche Bank reduced their price objective on shares of Campbell Soup from $40.00 to $36.00 and set a “hold” rating for the company in a report on Friday, August 31st. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Finally, Royal Bank of Canada upped their price objective on shares of Campbell Soup to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, August 23rd. Twelve analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Sell” and a consensus target price of $39.87.

Shares of CPB traded up $0.77 during midday trading on Friday, hitting $38.97. 2,639,468 shares of the stock traded hands, compared to its average volume of 3,225,047. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.13. Campbell Soup has a 1-year low of $32.63 and a 1-year high of $51.07. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.31 and a current ratio of 0.64.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 12th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, October 11th. Campbell Soup’s payout ratio is 48.78%.

In other Campbell Soup news, insider Luca Mignini purchased 5,494 shares of the business’s stock in a transaction on Tuesday, October 2nd. The stock was bought at an average cost of $36.41 per share, with a total value of $200,036.54. Following the acquisition, the insider now owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Campbell Soup by 1,609.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock valued at $104,000 after acquiring an additional 2,414 shares during the last quarter. IMA Wealth Inc. acquired a new stake in Campbell Soup in the 2nd quarter valued at about $130,000. Steward Partners Investment Advisory LLC lifted its holdings in Campbell Soup by 367.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after acquiring an additional 2,822 shares during the last quarter. Exane Derivatives acquired a new stake in Campbell Soup in the 3rd quarter valued at about $138,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Campbell Soup by 766.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after acquiring an additional 3,067 shares during the last quarter. 54.69% of the stock is owned by institutional investors.

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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