Campbell Soup (CPB) Issues FY18 Earnings Guidance

Campbell Soup (NYSE:CPB) issued an update on its FY18 earnings guidance on Friday morning. The company provided EPS guidance of $2.85-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.12. The company issued revenue guidance of +10-12% to ~$8.68-8.84 billion, compared to the consensus revenue estimate of $8.76 billion.

Campbell Soup stock opened at $36.00 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35. Campbell Soup has a 52-week low of $39.09 and a 52-week high of $39.96. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 2.24 and a beta of 0.33.

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Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Friday, May 18th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.10. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $0.59 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. analysts forecast that Campbell Soup will post 3.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Wednesday, April 11th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, April 10th. This represents a $1.40 annualized dividend and a yield of 3.89%. Campbell Soup’s payout ratio is 46.05%.

Several research analysts have issued reports on CPB shares. Piper Jaffray set a $43.00 price target on shares of Campbell Soup and gave the stock a sell rating in a report on Wednesday, April 18th. Goldman Sachs restated a sell rating and set a $43.00 price target on shares of Campbell Soup in a report on Friday, April 13th. Zacks Investment Research upgraded shares of Campbell Soup from a hold rating to a buy rating and set a $48.00 price target for the company in a report on Wednesday, April 18th. Credit Suisse Group set a $38.00 price target on shares of Campbell Soup and gave the stock a hold rating in a report on Tuesday. Finally, Morgan Stanley lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set an underweight rating for the company in a report on Tuesday, February 20th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $47.82.

In related news, insider Luca Mignini acquired 4,400 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average price of $45.53 per share, for a total transaction of $200,332.00. Following the purchase, the insider now directly owns 87,814 shares of the company’s stock, valued at approximately $3,998,171.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 37.20% of the company’s stock.

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; and Campbell's tomato juices in the United States, Canada, and Latin America.

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