$0.75 Earnings Per Share Expected for Campbell Soup (CPB) This Quarter

Brokerages expect that Campbell Soup (NYSE:CPB) will report earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Campbell Soup’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.69. Campbell Soup posted earnings per share of $0.92 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.5%. The company is scheduled to report its next earnings results on Tuesday, November 20th.

According to Zacks, analysts expect that Campbell Soup will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.44 to $3.20. For the next year, analysts expect that the firm will report earnings of $2.79 per share, with EPS estimates ranging from $2.60 to $3.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Campbell Soup.

Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 30th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $35.00 target price on shares of Campbell Soup and gave the stock an “underweight” rating in a report on Friday, September 14th. ValuEngine raised shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Wolfe Research lowered shares of Campbell Soup from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 5th. Finally, UBS Group upped their target price on shares of Campbell Soup from $30.00 to $35.00 and gave the stock a “sell” rating in a report on Friday, August 31st. Twelve equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Campbell Soup presently has an average rating of “Sell” and a consensus target price of $40.07.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. lifted its position in Campbell Soup by 1,609.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock worth $104,000 after buying an additional 2,414 shares in the last quarter. IMA Wealth Inc. acquired a new position in Campbell Soup during the 2nd quarter valued at about $130,000. Tower Research Capital LLC TRC lifted its position in Campbell Soup by 766.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after purchasing an additional 3,067 shares during the period. Jolley Asset Management LLC acquired a new position in Campbell Soup during the 2nd quarter valued at about $141,000. Finally, CSat Investment Advisory L.P. acquired a new position in Campbell Soup during the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 54.96% of the company’s stock.

CPB opened at $39.06 on Friday. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.37 and a current ratio of 0.64. Campbell Soup has a twelve month low of $32.63 and a twelve month high of $51.07. The stock has a market capitalization of $11.97 billion, a PE ratio of 13.61, a PEG ratio of 2.74 and a beta of 0.20.

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.

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