$1.89 Billion in Sales Expected for Campbell Soup (CPB) This Quarter

Brokerages expect Campbell Soup (NYSE:CPB) to announce sales of $1.89 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Campbell Soup’s earnings, with the highest sales estimate coming in at $1.90 billion and the lowest estimate coming in at $1.89 billion. Campbell Soup reported sales of $1.85 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, May 18th.

According to Zacks, analysts expect that Campbell Soup will report full-year sales of $8.12 billion for the current financial year, with estimates ranging from $7.91 billion to $8.65 billion. For the next financial year, analysts expect that the firm will report sales of $8.83 billion per share, with estimates ranging from $8.11 billion to $10.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its earnings results on Friday, February 16th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.19. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS.

A number of analysts recently issued reports on the stock. Piper Jaffray set a $43.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday. Credit Suisse Group reissued an “underperform” rating and set a $40.00 target price on shares of Campbell Soup in a research report on Monday, April 16th. Zacks Investment Research raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday. Finally, Wolfe Research assumed coverage on shares of Campbell Soup in a research report on Friday, January 26th. They set a “market perform” rating for the company. Eight analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.00.

CPB opened at $40.36 on Friday. The company has a market cap of $12,406.05, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 2.37 and a beta of 0.32. Campbell Soup has a 1 year low of $39.79 and a 1 year high of $59.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Wednesday, April 11th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, April 10th. Campbell Soup’s dividend payout ratio is presently 46.05%.

In related news, insider Luca Mignini purchased 4,400 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $45.53 per share, for a total transaction of $200,332.00. Following the acquisition, the insider now directly owns 87,814 shares in the company, valued at $3,998,171.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Partners LLC boosted its holdings in Campbell Soup by 22.8% in the 4th quarter. Advisor Partners LLC now owns 5,779 shares of the company’s stock worth $274,000 after acquiring an additional 1,074 shares during the period. Stifel Financial Corp boosted its holdings in Campbell Soup by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 17,993 shares of the company’s stock worth $839,000 after acquiring an additional 1,133 shares during the period. First Personal Financial Services boosted its holdings in Campbell Soup by 44.0% in the 4th quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock worth $186,000 after acquiring an additional 1,179 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Campbell Soup by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 8,529 shares of the company’s stock worth $398,000 after acquiring an additional 1,271 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Campbell Soup by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 108,596 shares of the company’s stock worth $5,225,000 after acquiring an additional 1,421 shares during the period. Hedge funds and other institutional investors own 50.21% of the company’s stock.

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Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets 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; Plum food and snacks; V8 juices and beverages; and Campbell's tomato juices.

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

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