Colgate-Palmolive (NYSE:CL) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Colgate-Palmolive (NYSE:CL) released its earnings results on Friday. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05, MarketWatch Earnings reports. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.78 billion. Colgate-Palmolive had a net margin of 15.86% and a return on equity of 942.99%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share.

Colgate-Palmolive stock opened at $77.20 on Friday. Colgate-Palmolive has a 12 month low of $58.49 and a 12 month high of $77.46. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 21.51. The stock has a market cap of $66.12 billion, a P/E ratio of 26.35, a P/E/G ratio of 4.76 and a beta of 0.60. The company’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $71.47.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, July 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 62.19%.

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $88.00 price target on shares of Colgate-Palmolive in a report on Thursday. TheStreet lowered Colgate-Palmolive from a “b” rating to a “c+” rating in a research report on Friday, May 1st. SunTrust Banks boosted their price objective on Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Credit Suisse Group reaffirmed a “sell” rating and set a $67.00 price objective on shares of Colgate-Palmolive in a research note on Monday, May 4th. Finally, Deutsche Bank lifted their target price on shares of Colgate-Palmolive from $73.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.92.

In related news, Director Michael B. Polk sold 3,115 shares of Colgate-Palmolive stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $68.08, for a total transaction of $212,069.20. Following the completion of the sale, the director now owns 20,622 shares of the company’s stock, valued at $1,403,945.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.78% of the stock is currently owned by company insiders.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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Earnings History for Colgate-Palmolive (NYSE:CL)

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