Campbell Soup (NASDAQ:CPB) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Campbell Soup (NASDAQ:CPB) reported quarterly earnings of $0.74 EPS, exceeding expectations of $0.73 by $0.01. The company had a net margin of 5.57% and a return on equity of 23.79%. Revenue reached $2.69 billion, slightly below the $2.74 billion estimate, but up 9.3% year-over-year. Campbell Soup updated its FY 2025 EPS guidance to $2.95-$3.05. Additionally, a quarterly dividend of $0.39 per share was announced, with a yield of 3.97%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average price target of $50.17.
Campbell Soup (NASDAQ:CPB - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01, Zacks reports. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company's revenue was up 9.3% compared to the same quarter last year. Campbell Soup updated its FY 2025 guidance to 2.950-3.050 EPS and its FY25 guidance to $2.95-$3.05 EPS.
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Campbell Soup Stock Down 2.6 %
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Shares of CPB stock opened at $39.29 on Wednesday. Campbell Soup has a 12 month low of $36.92 and a 12 month high of $52.81. The stock has a market cap of $11.71 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company has a 50 day simple moving average of $39.48 and a two-hundred day simple moving average of $44.43.
Campbell Soup Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.97%. Campbell Soup's dividend payout ratio is currently 85.25%.
Insider Buying and Selling at Campbell Soup
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In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.19% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CPB. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. DA Davidson reaffirmed a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. Barclays decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a report on Friday, December 6th. Finally, Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of "Hold" and an average price target of $50.17.
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Read Our Latest Research Report on Campbell Soup
Campbell Soup Company Profile
(Get Free Report)Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
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