Campbell Soup (NASDAQ:CPB) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Campbell Soup (NASDAQ:CPB) posted its earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01, RTT News reports. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Campbell Soup updated its FY 2025 guidance to 3.120-3.220 EPS and its FY25 guidance to $3.12-3.22 EPS.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $49.72 on Friday. The stock has a fifty day moving average price of $47.45 and a 200 day moving average price of $45.13. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $50.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. The company has a market cap of $14.84 billion, a PE ratio of 20.13, a P/E/G ratio of 2.90 and a beta of 0.16.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating and upped their target price for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. DA Davidson raised their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday. TD Cowen raised their price target on Campbell Soup from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, Citigroup boosted their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $47.23.

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.