Colgate-Palmolive (CL) to Release Earnings on Friday
Colgate-Palmolive (NYSE:CL) is scheduled to release its Q114 earnings data on Friday, April 25th. Analysts expect Colgate-Palmolive to post earnings of $0.68 per share and revenue of $4.32 billion for the quarter.
Colgate-Palmolive (NYSE:CL) last released its earnings data on Friday, January 31st. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.40 billion. On average, analysts expect Colgate-Palmolive to post $3.00 EPS for the current fiscal year and $3.31 EPS for the next fiscal year.
Colgate-Palmolive (NYSE:CL) opened at 65.87 on Thursday. Colgate-Palmolive has a one year low of $55.47 and a one year high of $67.40. The stock’s 50-day moving average is $64.54 and its 200-day moving average is $63.88. The company has a market cap of $60.531 billion and a price-to-earnings ratio of 27.88.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.34.
CL has been the subject of a number of recent research reports. Analysts at Erste Group downgraded shares of Colgate-Palmolive to a “hold” rating in a research note on Monday, March 24th. On a related note, analysts at UBS AG initiated coverage on shares of Colgate-Palmolive in a research note on Monday, March 3rd. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Colgate-Palmolive to $64.00 in a research note on Wednesday, February 19th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $69.42.
In other Colgate-Palmolive news, CTO Patricia Verduin sold 2,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $66.09, for a total transaction of $132,180.00. Following the sale, the chief technology officer now directly owns 49,913 shares of the company’s stock, valued at approximately $3,298,750. The sale was disclosed in a filing with the SEC, which is available at this link.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.
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