Colgate-Palmolive (NYSE:CL) is set to post its quarterly earnings results before the market opens on Friday, April 27th. Analysts expect Colgate-Palmolive to post earnings of $0.73 per share for the quarter.
Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 26th. The company reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect Colgate-Palmolive to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:CL opened at $66.41 on Thursday. Colgate-Palmolive has a 52 week low of $65.85 and a 52 week high of $77.91. The company has a debt-to-equity ratio of 27.02, a quick ratio of 1.00 and a current ratio of 1.36. The firm has a market capitalization of $58,095.44, a PE ratio of 23.14, a PEG ratio of 2.50 and a beta of 0.74.
CL has been the topic of several research reports. BNP Paribas downgraded shares of Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Monday, January 8th. Citigroup upped their price target on shares of Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Barclays set a $75.00 price target on shares of Colgate-Palmolive and gave the stock a “hold” rating in a research report on Thursday, March 15th. Finally, Morgan Stanley reduced their price target on shares of Colgate-Palmolive from $82.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.69.
In other Colgate-Palmolive news, SVP John J. Huston sold 1,524 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.17, for a total transaction of $106,939.08. Following the completion of the sale, the senior vice president now directly owns 87,376 shares of the company’s stock, valued at approximately $6,131,173.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dennis J. Hickey sold 5,651 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.18, for a total value of $396,587.18. Following the sale, the chief financial officer now directly owns 413,221 shares of the company’s stock, valued at $28,999,849.78. The disclosure for this sale can be found here. Insiders have sold a total of 474,305 shares of company stock valued at $33,776,113 over the last three months. Company insiders own 1.02% of the company’s stock.
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Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.
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