$0.72 EPS Expected for Campbell Soup (CPB) This Quarter

Analysts expect Campbell Soup (NYSE:CPB) to post earnings per share of $0.72 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Campbell Soup’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.67. Campbell Soup reported earnings per share of $1.00 during the same quarter last year, which suggests a negative year-over-year growth rate of 28%. The company is scheduled to issue its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that Campbell Soup will report full year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.50. For the next financial year, analysts forecast that the company will report earnings of $2.63 per share, with EPS estimates ranging from $2.58 to $2.71. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. Campbell Soup had a return on equity of 53.81% and a net margin of 1.95%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS.

Several equities research analysts recently issued reports on CPB shares. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. ValuEngine raised Campbell Soup from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Credit Suisse Group dropped their target price on Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a research report on Friday, September 28th. Royal Bank of Canada increased their target price on Campbell Soup to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. lowered Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 target price on the stock. in a research report on Friday, August 10th. Ten investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.33.

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

Several large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Campbell Soup by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock valued at $3,267,000 after buying an additional 1,254 shares in the last quarter. Ffcm LLC boosted its stake in Campbell Soup by 13.9% during the third quarter. Ffcm LLC now owns 11,241 shares of the company’s stock valued at $411,000 after buying an additional 1,368 shares in the last quarter. US Bancorp DE boosted its stake in Campbell Soup by 3.2% during the second quarter. US Bancorp DE now owns 46,510 shares of the company’s stock valued at $1,885,000 after buying an additional 1,421 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Campbell Soup by 25.9% during the third quarter. WINTON GROUP Ltd now owns 7,040 shares of the company’s stock valued at $258,000 after buying an additional 1,450 shares in the last quarter. Finally, Washington Capital Management Inc. boosted its stake in Campbell Soup by 24.6% during the third quarter. Washington Capital Management Inc. now owns 8,100 shares of the company’s stock valued at $297,000 after buying an additional 1,600 shares in the last quarter. 55.65% of the stock is owned by institutional investors.

Shares of CPB stock traded down $1.47 on Monday, hitting $39.06. 161,392 shares of the stock traded hands, compared to its average volume of 2,479,993. The company has a current ratio of 0.69, a quick ratio of 0.31 and a debt-to-equity ratio of 5.65. The firm has a market cap of $12.19 billion, a P/E ratio of 13.68, a P/E/G ratio of 2.78 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 business also recently announced a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 12th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, October 11th. Campbell Soup’s dividend payout ratio is presently 48.78%.

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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