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Campbell Soup Co. (NYSE: CPB), whose brands also include Pace, Pepperidge Farm, Prego, and V8, is scheduled to discuss its fiscal fourth-quarter 2009 results Friday in a conference call at 10:00 AM ET. You can catch the webcast of the call at the company's website.
For the three months that ended in July, analysts surveyed by Thomson Reuters expect the Camden, N.J.-based company to report that its earnings that are about the same a year ago, $0.26 per share. For the full year, the forecast is for a profit of $2.17 per share, up 3.7% from a year ago.
Revenue for the fourth quarter is expected to have fallen 11.2% to $1.5 billion, and for the full year to be 5.0% lower to $7.6 billion.
The earnings multiple for this dividend-paying company is 14x, and long-term EPS growth forecast is 8.4%, which is about the same as competitor Kraft Foods Inc. (NYSE: KFT) but better than Heinz Co. (NYSE: HNZ). Both cash in hand and net cash flow from operating activities have increased in the past few quarters. The First Call consensus recommendation remains to BUY CPB; iStockAnalyst expects an upside surprise from Campbell despite soft sales.
Campbell shares are about 12% higher than three months ago, but they are still about 14% lower than a year ago.
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