Jefferies Financial Group Weighs in on Campbell Soup’s Q2 2020 Earnings (NYSE:CPB)

Campbell Soup (NYSE:CPB) – Equities researchers at Jefferies Financial Group issued their Q2 2020 EPS estimates for shares of Campbell Soup in a research note issued to investors on Wednesday, January 22nd. Jefferies Financial Group analyst R. Dickerson forecasts that the company will earn $0.68 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $49.00 price target on the stock. Jefferies Financial Group also issued estimates for Campbell Soup’s Q3 2020 earnings at $0.54 EPS, Q4 2020 earnings at $0.51 EPS, FY2020 earnings at $2.52 EPS, Q1 2021 earnings at $0.75 EPS, Q2 2021 earnings at $0.76 EPS, Q3 2021 earnings at $0.63 EPS, Q4 2021 earnings at $0.52 EPS, FY2021 earnings at $2.65 EPS, Q1 2022 earnings at $0.78 EPS and FY2022 earnings at $2.79 EPS.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, December 4th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Campbell Soup had a net margin of 2.07% and a return on equity of 64.48%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share.

CPB has been the subject of a number of other research reports. ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Monday, December 30th. Wells Fargo & Co raised their price target on shares of Campbell Soup from $45.00 to $48.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Deutsche Bank assumed coverage on shares of Campbell Soup in a report on Wednesday, December 11th. They issued a “hold” rating and a $50.00 price objective for the company. Credit Suisse Group increased their target price on shares of Campbell Soup from $41.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday, December 5th. Finally, UBS Group set a $41.00 target price on Campbell Soup in a report on Thursday, December 5th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Campbell Soup currently has a consensus rating of “Hold” and an average target price of $45.85.

Shares of NYSE:CPB opened at $48.96 on Friday. The company has a debt-to-equity ratio of 5.37, a quick ratio of 0.34 and a current ratio of 0.60. The company has a market cap of $14.65 billion, a PE ratio of 81.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.43. Campbell Soup has a 52 week low of $32.17 and a 52 week high of $49.56. The firm has a 50 day simple moving average of $48.35 and a 200 day simple moving average of $45.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Campbell Soup by 34.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,079,326 shares of the company’s stock worth $203,529,000 after purchasing an additional 1,306,435 shares during the period. California Public Employees Retirement System raised its position in Campbell Soup by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,403,270 shares of the company’s stock worth $65,841,000 after purchasing an additional 27,443 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Campbell Soup during the 2nd quarter worth $39,377,000. Morgan Stanley lifted its holdings in Campbell Soup by 9.3% during the 2nd quarter. Morgan Stanley now owns 897,852 shares of the company’s stock worth $35,978,000 after buying an additional 76,482 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in Campbell Soup by 14.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 884,823 shares of the company’s stock worth $43,728,000 after buying an additional 109,242 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Wednesday, January 8th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $1.40 annualized dividend and a dividend yield of 2.86%. Campbell Soup’s dividend payout ratio is 60.87%.

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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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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