Campbell Soup (NASDAQ:CPB) Releases Earnings Results, Beats Estimates By $0.01 EPS

Campbell Soup (NASDAQ:CPB) released its earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01, Zacks reports. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s quarterly revenue was up 9.3% on a year-over-year basis. Campbell Soup updated its FY 2025 guidance to 2.950-3.050 EPS and its FY25 guidance to $2.95-$3.05 EPS.

Campbell Soup Price Performance

CPB stock opened at $39.18 on Thursday. The firm has a 50 day moving average of $39.43 and a 200-day moving average of $44.39. The firm has a market capitalization of $11.68 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. Campbell Soup has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 85.25%.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 20.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reduced their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group decreased their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $37.00 in a research report on Thursday. Finally, Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.85.

About Campbell Soup

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.