Published: Fri, May 19, 2017
Money | By Armando Alvarado

Campbell Soup misses profit, sales estimates; trims sales forecast

Campbell Soup misses profit, sales estimates; trims sales forecast

During the same quarter in the prior year, the firm earned $0.87 EPS.

Analysts await Campbell Soup Company (NASDAQ:CPB) to report earnings on May, 19 for the fiscal quarter ending April 2017. It has by 0.00% the S&P500. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.22 billion. Campbell Soup Company has a 12 month low of $52.58 and a 12 month high of $67.89. Alpha One also assigned news stories about the company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. On Thursday, September 3 the stock rating was upgraded by Noble Financial to "Buy". The rating was upgraded by JP Morgan on Tuesday, January 19 to "Overweight". As per Friday, January 15, the company rating was downgraded by Barclays Capital. Credit Suisse maintained Campbell Soup Company (NYSE:CPB) rating on Wednesday, November 23. Royal Bank of Canada lifted their price objective on shares of Campbell Soup Company from $60.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 15th. The firm has "Sector Perform" rating given on Tuesday, February 21 by RBC Capital Markets. Stifel Nicolaus lifted their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, January 23rd. The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, February 18. The firm has "Buy" rating given on Friday, February 5 by Argus Research.

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.11, from 0.95 in 2016Q3.

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Since the start of the New Year, Campbell Soup Company (NYSE:CPB) shares have seen a move of -3.91%. 55 funds opened positions while 119 raised stakes. Atlas Copco AB had 6 analyst reports since August 3, 2015 according to SRatingsIntel. Winch Advisory Services LLC bought a new stake in Campbell Soup Company during the third quarter worth approximately $164,000. Zacks Investment Research cut shares of Campbell Soup Company from a "buy" rating to a "hold" rating in a research note on Tuesday, February 14th. Its down 2.99% from 8.09M shares previously.

Douglass Winthrop Advisors Llc increased Campbell Soup Co Com (CPB) stake by 105.8% reported in 2016Q4 SEC filing. Van ECK Associates Corp boosted its stake in Campbell Soup Company by 22.9% in the fourth quarter. (NYSE:OIS). California State Teachers Retirement Systems holds 0.01% or 105,576 shares in its portfolio. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Campbell Soup Company by 29.2% in the first quarter. Deutsche Financial Bank Ag owns 6.86M shares or 0.38% of their USA portfolio. Lbj Family Wealth Advisors Limited stated it has 1.11% of its portfolio in Campbell Soup Company (NYSE:CPB). Australia-based Amp Capital Invsts Limited has invested 0.05% in Campbell Soup Company (NYSE:CPB). Delta Asset Mngmt Ltd Liability Company Tn accumulated 150 shares or 0% of the stock.

Since November 23, 2016, it had 1 insider purchase, and 4 sales for $51.56 million activity. These holdings make up of the company's outstanding shares. In other Campbell Soup Company news, Director Bennett Dorrance acquired 915,766 shares of the business's stock in a transaction on Thursday, March 30th. Barroso Carlos sold $556,180 worth of stock or 9,130 shares. Campbell Soup Company had a return on equity of 58.62% and a net margin of 8.30%. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 35.77 and a beta of 0.46. "Looking ahead as we finish the fiscal year, we expect Global Biscuits and Snacks to maintain its positive momentum, and we will also be cycling the C-Fresh protein drink recall from last year".

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