Colgate-Palmolive Company (CL) Set to Announce Quarterly Earnings on Friday
Colgate-Palmolive Company (NYSE:CL) will release its earnings data before the market opens on Friday, July 21st. Analysts expect Colgate-Palmolive to post earnings of $0.72 per share for the quarter.
Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Colgate-Palmolive had a return on equity of 3,725.55% and a net margin of 16.31%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the business earned $0.63 EPS. Colgate-Palmolive’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect Colgate-Palmolive to post $2.93 EPS for the current fiscal year and $3.18 EPS for the next fiscal year.
Colgate-Palmolive Company (NYSE:CL) opened at 72.52 on Wednesday. The company has a 50 day moving average price of $75.25 and a 200-day moving average price of $71.52. The company has a market capitalization of $64.06 billion, a PE ratio of 26.17 and a beta of 0.81. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, July 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. Colgate-Palmolive’s dividend payout ratio is presently 57.76%.
In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the completion of the sale, the senior vice president now owns 102,838 shares in the company, valued at $7,356,002.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $75.67, for a total value of $290,043.11. Following the completion of the sale, the insider now owns 53,022 shares of the company’s stock, valued at approximately $4,012,174.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,833 shares of company stock valued at $1,866,823. Company insiders own 1.02% of the company’s stock.
CL has been the topic of several analyst reports. Citigroup Inc reissued a “neutral” rating and issued a $76.00 target price (up from $75.00) on shares of Colgate-Palmolive in a report on Friday, April 7th. Zacks Investment Research raised Colgate-Palmolive from a “sell” rating to a “hold” rating in a report on Thursday, March 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Thursday, May 25th. UBS Group AG reissued a “neutral” rating and issued a $78.00 target price (down from $79.00) on shares of Colgate-Palmolive in a report on Tuesday, May 2nd. Finally, BidaskClub downgraded Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.69.
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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