Campbell Soup (NASDAQ:CPB) Issues Earnings Results, Beats Expectations By $0.01 EPS

Campbell Soup (NASDAQ:CPB) released its earnings results on Wednesday. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s revenue for the quarter 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 Stock Down 3.4 %

Shares of CPB traded down $1.38 during midday trading on Wednesday, hitting $38.95. The stock had a trading volume of 1,725,333 shares, compared to its average volume of 2,545,919. 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 has a twelve month low of $36.92 and a twelve month high of $52.81. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is presently 85.25%.

Insider Buying and Selling at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CPB. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. BNP Paribas raised Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Company Profile

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.