Campbell Soup (NYSE:CPB) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $2.45-2.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.69. The company issued revenue guidance of $9.975-10.1 billion, compared to the consensus revenue estimate of $10.26 billion.
Several research analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Campbell Soup from a neutral rating to an underweight rating and set a $48.00 price target on the stock. in a research note on Friday, August 10th. Wells Fargo & Co set a $42.00 price target on shares of Campbell Soup and gave the stock a hold rating in a research note on Monday, August 20th. Piper Jaffray Companies set a $35.00 price target on shares of Campbell Soup and gave the stock a sell rating in a research note on Tuesday, August 14th. Credit Suisse Group set a $32.00 target price on shares of Campbell Soup and gave the company a sell rating in a research report on Friday, July 13th. Finally, Royal Bank of Canada raised their target price on shares of Campbell Soup to $43.00 and gave the company a sector perform rating in a research report on Thursday, August 23rd. Ten analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $40.47.
NYSE CPB opened at $39.99 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 5.73. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 2.49 and a beta of 0.28. Campbell Soup has a one year low of $32.63 and a one year high of $51.13.
Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. equities research analysts expect that Campbell Soup will post 2.87 EPS for the current year.
In other news, Director Maria Teresa Hilado purchased 2,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were acquired at an average cost of $33.22 per share, for a total transaction of $66,440.00. Following the acquisition, the director now owns 4,330 shares of the company’s stock, valued at $143,842.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 37.20% of the company’s stock.
About Campbell Soup
Campbell Soup Co engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America.
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