Colgate-Palmolive (CL) to Release Earnings on Friday

Colgate-Palmolive (NYSE:CLGet Rating) is scheduled to be releasing its earnings data before the market opens on Friday, January 27th. Analysts expect Colgate-Palmolive to post earnings of $0.76 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Colgate-Palmolive (NYSE:CLGet Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Colgate-Palmolive had a net margin of 10.87% and a return on equity of 304.29%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. On average, analysts expect Colgate-Palmolive to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Colgate-Palmolive Stock Performance

NYSE:CL opened at $75.94 on Wednesday. Colgate-Palmolive has a fifty-two week low of $67.84 and a fifty-two week high of $83.81. The stock has a market capitalization of $63.43 billion, a PE ratio of 33.02, a P/E/G ratio of 6.61 and a beta of 0.51. The company has a fifty day moving average of $77.74 and a two-hundred day moving average of $76.72. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.71 and a current ratio of 1.17.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Monday, January 23rd will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, January 20th. Colgate-Palmolive’s payout ratio is 81.74%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CL. Barclays upped their target price on shares of Colgate-Palmolive from $72.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Colgate-Palmolive from $85.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Wolfe Research started coverage on shares of Colgate-Palmolive in a report on Monday, November 21st. They set a “market perform” rating for the company. Credit Suisse Group dropped their price objective on shares of Colgate-Palmolive from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, October 18th. Finally, Wells Fargo & Company upped their price objective on shares of Colgate-Palmolive from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.58.

Institutional Trading of Colgate-Palmolive

Several hedge funds have recently made changes to their positions in CL. Dimensional Fund Advisors LP lifted its position in shares of Colgate-Palmolive by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,444,508 shares of the company’s stock worth $185,376,000 after purchasing an additional 94,837 shares in the last quarter. Covestor Ltd lifted its position in shares of Colgate-Palmolive by 71.9% during the first quarter. Covestor Ltd now owns 2,451 shares of the company’s stock worth $186,000 after purchasing an additional 1,025 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Colgate-Palmolive by 8.5% during the first quarter. Mackenzie Financial Corp now owns 1,882,813 shares of the company’s stock worth $142,774,000 after purchasing an additional 146,936 shares in the last quarter. First Western Trust Bank acquired a new stake in Colgate-Palmolive in the first quarter valued at approximately $569,000. Finally, Wsfs Capital Management LLC acquired a new stake in Colgate-Palmolive in the first quarter valued at approximately $288,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

About Colgate-Palmolive

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Colgate-Palmolive Co is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors.

Further Reading

Earnings History for Colgate-Palmolive (NYSE:CL)

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