Factors Likely to Have Influenced Earnings Results Campbell Soup Stock Forecast, Price & News (NYSE:CPB)

Earnings results for Campbell Soup Stock Forecast, Price & News (NYSE:CPB)

Campbell Soup Company is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.6. The reported EPS for the same quarter last year was $0.42.

Campbell Soup last posted its quarterly earnings data on June 3rd, 2020. The reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The company earned $2.24 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Its revenue for the quarter was up 14.6% on a year-over-year basis. Campbell Soup has generated $2.30 earnings per share over the last year and currently has a price-to-earnings ratio of 10.4. Campbell Soup has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Campbell Soup Stock Forecast, Price & News (NYSE:CPB)

17 Wall Street analysts have issued ratings and price targets for Campbell Soup in the last 12 months. Their average twelve-month price target is $50.81, predicting that the stock has a possible downside of 3.12%. The high price target for CPB is $59.00 and the low price target for CPB is $40.00. There are currently 5 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Campbell Soup has received a consensus rating of Hold. The company’s average rating score is 1.94, and is based on 4 buy ratings, 8 hold ratings, and 5 sell ratings. According to analysts’ consensus price target of $50.56, Campbell Soup has a forecasted downside of 3.6% from its current price of $52.45. Campbell Soup has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Campbell Soup Stock Forecast, Price & News (NYSE:CPB)

Campbell Soup pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends. Campbell Soup has only been increasing its dividend for 1 years. The dividend payout ratio of Campbell Soup is 60.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Campbell Soup will have a dividend payout ratio of 48.78% next year. This indicates that Campbell Soup will be able to sustain or increase its dividend.

Insiders buying/selling: Campbell Soup Stock Forecast, Price & News (NYSE:CPB)

In the past three months, Campbell Soup insiders have not sold or bought any company stock. 36.48% of the stock of Campbell Soup is held by insiders. A high percentage of insider ownership can be a sign of company health. 49.37% of the stock of Campbell Soup is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Campbell Soup Stock Forecast, Price & News (NYSE:CPB

Earnings for Campbell Soup are expected to decrease by -2.38% in the coming year, from $2.94 to $2.87 per share. The P/E ratio of Campbell Soup is 10.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.18. The P/E ratio of Campbell Soup is 10.41, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 50.32. Campbell Soup has a PEG Ratio of 2.22. PEG Ratios above 1 indicate that a company could be overvalued. Campbell Soup has a P/B Ratio of 14.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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