Campbell Soup Company (NYSE: CPB) is scheduled to announce its quarterly earnings early next week. The market expects EPS of $0.47 for Q4 FY2021.
Campbell Soup is an American company in the packaged foods and meats industry. On the 1st of September, the company is expected to release its quarterly earnings. The market expects EPS of $0.47 on the quarter, and the Campbell Soup stock price is off its 2021 highs ahead of the release – down by 16.38% YTD and 24.40% in the last 12 months.
Food stocks are affected by the rising inflation mentions in earning calls. High steel costs have also played a role in Campbell Soup’s profitability lately.
Campbell Soup is a dividend-paying company with a dividend yield of 3.66% and a payout ratio of 50.91%. The revenue growth YoY is 4.16%, lower than the 7.01% sector median.
What Do Investors Expect From the Campbell Soup Stock Price?
While the Campbell Soup stock price underperformed in the last 12 months, there is hope for a recovery. The company has a net income margin trailing 12 months of 9.18%, much higher than the 5.5% sector median.
For now, investors expect EPS to go lower by 25.86% compared to the previous quarter, but the figure is expected to rise significantly in the next three quarters.
Most analysts have a hold rating for the Campbell Soup price. Out of the 29 analysts covering the Campbell Soup stock price, 21 have issued hold ratings and only 4 have sell ratings. The other 4 have buy ratings.
Most recently, Deutsche Bank has maintained its hold rating with a price target of $50. So did Credit Suisse, with a price target of $46 and Morgan Stanley, with a price target of $48.