Colgate-Palmolive Company (NYSE:CL) – Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Colgate-Palmolive Company in a research note issued on Tuesday. Jefferies Group analyst K. Grundy expects that the company will earn $0.66 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Colgate-Palmolive Company’s Q2 2017 earnings at $0.72 EPS, Q3 2017 earnings at $0.74 EPS and Q4 2017 earnings at $0.80 EPS.

Other research analysts also recently issued research reports about the stock. B. Riley cut their price objective on shares of Colgate-Palmolive Company from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Sunday, January 29th. Barclays PLC set a $75.00 price objective on shares of Colgate-Palmolive Company and gave the stock a “hold” rating in a research report on Saturday, February 18th. Citigroup Inc reaffirmed a “neutral” rating and issued a $76.00 price objective (up previously from $75.00) on shares of Colgate-Palmolive Company in a research report on Friday, April 7th. Zacks Investment Research raised shares of Colgate-Palmolive Company from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.00.

Earnings History and Estimates for Colgate-Palmolive Company (NYSE:CL)

WARNING: This article was reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/04/20/colgate-palmolive-company-cl-forecasted-to-post-q1-2017-earnings-of-0-66-per-share.html.

Colgate-Palmolive Company (NYSE:CL) opened at 73.39 on Thursday. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $75.38. The stock has a market cap of $64.79 billion, a PE ratio of 26.98 and a beta of 0.70. The company’s 50 day moving average is $73.67 and its 200 day moving average is $69.66.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/colgate-palmolive-company-cl-forecasted-to-post-q1-2017-earnings-of-0-66-per-share.html

Colgate-Palmolive Company (NYSE:CL) last announced its quarterly earnings results on Friday, January 27th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Colgate-Palmolive Company had a net margin of 16.06% and a return on equity of 4,897.09%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. Colgate-Palmolive Company’s quarterly revenue was down 4.6% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. This is a boost from Colgate-Palmolive Company’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, April 19th. Colgate-Palmolive Company’s payout ratio is presently 57.35%.

In other Colgate-Palmolive Company news, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $73.72, for a total transaction of $282,568.76. Following the completion of the sale, the insider now directly owns 53,022 shares in the company, valued at approximately $3,908,781.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen I. Sadove sold 8,000 shares of Colgate-Palmolive Company stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $66.00, for a total transaction of $528,000.00. Following the sale, the director now owns 33,761 shares of the company’s stock, valued at $2,228,226. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,833 shares of company stock valued at $1,846,149. Company insiders own 1.05% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Alpha Windward LLC boosted its stake in shares of Colgate-Palmolive Company by 0.5% in the third quarter. Alpha Windward LLC now owns 2,741 shares of the company’s stock valued at $203,000 after buying an additional 13 shares during the last quarter. Paragon Capital Management Ltd boosted its stake in shares of Colgate-Palmolive Company by 3.6% in the third quarter. Paragon Capital Management Ltd now owns 27,537 shares of the company’s stock valued at $2,042,000 after buying an additional 968 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Colgate-Palmolive Company by 5.0% in the third quarter. 1st Global Advisors Inc. now owns 7,423 shares of the company’s stock valued at $550,000 after buying an additional 351 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Colgate-Palmolive Company by 3.5% in the third quarter. Acadian Asset Management LLC now owns 1,547,308 shares of the company’s stock valued at $114,720,000 after buying an additional 52,015 shares during the last quarter. Finally, Court Place Advisors LLC boosted its stake in shares of Colgate-Palmolive Company by 0.5% in the third quarter. Court Place Advisors LLC now owns 36,846 shares of the company’s stock valued at $2,732,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 73.24% of the company’s stock.

About Colgate-Palmolive Company

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.

5 Day Chart for NYSE:CL

Receive News & Ratings for Colgate-Palmolive Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Company and related companies with MarketBeat.com's FREE daily email newsletter.