Church & Dwight Co. Inc. is anticipating that adjusted EPS will grow between 16% and 18% during its 2018 fiscal year, the company said Feb. 5.
The consumer goods maker said it expects adjusted EPS for the year to total between $2.24 and $2.28. The S&P Capital IQ consensus estimate for normalized EPS is $2.27. However, the company said it expects GAAP EPS to fall between 21% and 23% in the full fiscal year.
The Ewing, N.J.-based company also expects organic growth of about 3% for its 2018 fiscal year, just above the 2.7% it reported Feb. 5 for its full 2017 fiscal year.
For the fiscal first quarter of 2018, the company expects organic growth of 2% and adjusted EPS of 61 cents, marking a 19.6% reported increase over EPS in the same quarter a year ago and a 17.3% adjusted EPS increase over the previous year's quarter.
Church & Dwight also expects its effective tax rate to fall to between 24% and 25% from the 32% it reported for its 2017 fiscal year. The company said the projected lower tax rate is the result of tax reform signed into law in December 2017 by President Donald Trump.
