Campbell Soup (NASDAQ:CPB) Releases FY25 Earnings Guidance

Campbell Soup (NASDAQ:CPB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.12-3.22 for the period, compared to the consensus earnings per share estimate of $3.18. The company issued revenue guidance of $10.50-10.70 billion, compared to the consensus revenue estimate of $10.53 billion.

Campbell Soup Stock Down 1.5 %

Campbell Soup stock traded down $0.70 during trading hours on Tuesday, reaching $45.53. The stock had a trading volume of 3,778,451 shares, compared to its average volume of 2,515,304. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.66 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The business’s 50 day moving average price is $46.71 and its 200-day moving average price is $47.04. Campbell Soup has a 52 week low of $40.18 and a 52 week high of $52.81.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. Campbell Soup’s payout ratio is 78.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CPB. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and upped their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Friday, September 27th. Wells Fargo & Company upped their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.58.

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.