Campbell (NYSE:CPB) Shares Drops on 3Q Net Income Slipped- CPB, SLE, CAG, GMCR, GIS, UN, K

  on May 22,2012 Posted in Business News
 
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Campbell Soup Company (NYSE:CPB) declared on Monday a quarterly profit of $177 million, or 55 cents a share, evaluated with $187 million, or 57 cents a share, a year previous. On an adjusted basis, the firm earned 56 cents. Revenue climbed to $1.821 billion, from $1.813 billion. Experts had anticipated a profit of 52 cents on sales of 1.818 billion. The business reported that it still anticipates full-year adjusted profit to moved down -5 to -7 percent to $2.35-$2.42. Shares of Campbell went down -1.9 percent. Six pros counted Campbell amid their top holdings at the end of Q1 and almost 180 tickerspy members own the stock in their portfolios.

The firm reported that its gross profit margin moved down to 38.8%, from 40.4%, as a result of higher costs for ingredients and surged promotional sales.

Sales in its key U.S. soups segment moved down 3% from a year before.

Turning towards the investors who viewing CPB against Sara Lee Corp. (NYSE:SLE) surged +0.92%, ConAgra Foods, Inc. (NYSE:CAG) rose +0.16%, Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) grew +2.20%, General Mills, Inc. (NYSE:GIS) dropped -1.03%, Unilever N.V. (ADR) (NYSE:UN) which also increased +0.87% and Kellogg Company (NYSE:K) traded at flat.

Campbell Soup Company (NYSE:CPB) after opening at $33.12 hit high price of $33.33 and then closed at $32.75 by plunging -1.95% and on last session volume of 5.55 million shares was surprisingly higher than its average volume of 1.83 million shares.

The stock price volatility was 2.19% for a week and 1.31% for a month as well as price volatility’s Average True Range for 14 days was 0.50 and its beta remained 0.27.

The liquidity measure in recent quarter results of the company was recorded 0.89 as current ratio and on the other side the debt to equity ratio was 2.41 and long-term debt to equity ratio also remained 1.68. The Company had total cash at hand $332.00 million and a book value per share as $3.77 in the most recent quarter.

CPB generated revenue of 7.69 billion in the following twelve months and earned $751.00 million. The Company showed a positive 9.72% in the net profit margin and as well as in its operating margin which remained 15.87%. Company’s annual sales growth for the past five year was 2.29%.

 



 

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