Campbell Soup's profit drops 4.8 pct (CPB)

Reuters

Reuters

Analysts expected 64 cents per share according to Zacks Investment Research. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.22 billion.

The stock decreased 0.82% or $0.47 during the last trading session, reaching $56.94.

The average EPS estimate of 6 Wall Street analysts is $0.64 per share, compared to the company's reported EPS of $0.65 per share in the year-ago quarter. During the same period in the previous year, the company posted $0.87 EPS. Brown Advisory reported 0.08% of its portfolio in Campbell Soup Company (NYSE:CPB). During the same quarter in the prior year, the company earned $0.87 EPS.

Twin Tree Mngmt Limited Partnership holds 0.02% of its portfolio in Campbell Soup Company (NYSE:CPB) for 42,005 shares. The company noted that its broth business has been pressured by private-label alternatives, which have grown market share in the overall soup category. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Campbell Soup Company were worth $4,612,000 as of its most recent filing with the SEC. Tru Department Mb Retail Bank N A has invested 0.01% in Campbell Soup Company (NYSE:CPB). The company's 50 day moving average is $57.14 and its 200-day moving average is $58.63.

Depending on the earnings numbers reported, Campbell Soup Company (NYSE:CPB) stock may see increased volatility following the report. The stock has a market cap of $17.47 billion, a PE ratio of 35.77 and a beta of 0.46. The company's 52-week range is $51.96 to $66.54.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Bessemer Group Inc invested in 827 shares or 0% of the stock.

Campbell ended the quarter with cash and cash equivalents of $1,790 million, long-term debt of $2,270 million and total shareholders' equity of $1,490 million. The ex-dividend date was Monday, April 10th.

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If you are viewing this article on another website, it was stolen and republished in violation of USA & worldwide copyright and trademark laws. If you are accessing this article on another domain, it was copied illegally and reposted in violation of US & worldwide copyright and trademark legislation. That's still in-line with the $3.06 per share that analysts are expecting. The original version of this story can be read at https://transcriptdaily.com/2017/05/18/boston-family-office-llc-acquires-1025-shares-of-campbell-soup-company-cpb.html. The firm has "Hold" rating given on Wednesday, April 19 by Vertical Research. The stock has a consensus rating of "Hold" and an average price target of $60.17. Deutsche Bank initiated Campbell Soup Company (NYSE:CPB) rating on Wednesday, February 15.

The company's consensus rating is now Hold, with 1 analysts rating it a Strong Buy, and 8 analysts rating it with a Hold.

Check back later for our full write up on Campbell Soup's earnings report! The firm has "Neutral" rating given on Friday, September 2 by Citigroup. Argus Research downgraded Campbell Soup Company (NYSE:CPB) on Monday, September 19 to "Hold" rating. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, February 21.

In other Campbell Soup Company news, Director Bennett Dorrance purchased 915,766 shares of the company's stock in a transaction that occurred on Thursday, March 30th. Following the acquisition, the director now directly owns 24,978 shares of the company's stock, valued at $1,432,238.52.

Campbell Soup Company Company Profile Campbell Soup Company is a food company, which manufactures and markets food products.

Campbell reports its results under three segments, namely, Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh.

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