Church & Dwight (CHD) Stock Sharply Lower on Q3 Revenue, Guidance

Updated from 7:54 AM EDT. 

NEW YORK (TheStreet) -- Shares of Church & Dwight (CHD) were dropping 6.63% to $44.10 on heavy trading volume late Thursday afternoon after the company reported weaker-than-expected revenue for the 2016 third quarter and gave a downbeat outlook.

Before the market open, the Ewing, NJ-based maker of household products posted revenue of $870.7 million, below analysts' estimates of $884.8 million.

Earnings of 47 cents per diluted share were in line with Wall Street's projections.

"We are pleased with our consumer organic sales and the company's earnings growth as our business overcame continued headwinds faced by our specialty products business," CEO Matthew Farrell said in a statement.

For the fourth quarter, Church & Dwight sees earnings per share of 42 cents. Analysts are looking for earnings of 44 cents per share for the current period.

Full-year reported and organic sales growth is expected to be at the lower end of the company's 3% to 4% range.

More than 4.85 million of the company's shares changed hands so far today, well above its average 30-day volume of 1.62 million shares.

Separately,  TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and expanding profit margins. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CHD

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