Colgate-Palmolive Co. (NYSE:CL) – KeyCorp issued their Q3 2016 earnings per share (EPS) estimates for Colgate-Palmolive in a report issued on Thursday. KeyCorp analyst J. Gere expects that the brokerage will post earnings of $0.71 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Colgate-Palmolive’s Q4 2016 earnings at $0.75 EPS, FY2016 earnings at $2.80 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.77 EPS, Q3 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.03 EPS, Q1 2018 earnings at $0.74 EPS, Q2 2018 earnings at $0.84 EPS and FY2018 earnings at $3.30 EPS.
A number of other analysts have also recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $71.00 price objective on shares of Colgate-Palmolive in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $75.00 price objective on shares of Colgate-Palmolive in a research report on Friday, July 29th. Exane BNP Paribas cut Colgate-Palmolive from an “outperform” rating to a “neutral” rating in a research report on Friday, July 29th. Citigroup Inc. increased their price objective on Colgate-Palmolive from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, BNP Paribas cut Colgate-Palmolive from an “outperform” rating to a “neutral” rating and set a $76.00 price objective for the company. in a research report on Friday, July 29th. Fourteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $74.04.
Shares of Colgate-Palmolive (NYSE:CL) opened at 70.86 on Monday. The firm has a 50-day moving average price of $74.47 and a 200 day moving average price of $71.69. The firm has a market cap of $63.17 billion, a P/E ratio of 45.63 and a beta of 0.59. Colgate-Palmolive has a one year low of $61.37 and a one year high of $75.38.
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Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business earned $3.85 billion during the quarter, compared to the consensus estimate of $3.86 billion. Colgate-Palmolive had a return on equity of 1,980.28% and a net margin of 9.04%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 24th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, October 20th. Colgate-Palmolive’s dividend payout ratio is currently 100.65%.
In other news, CTO Patricia Verduin sold 3,666 shares of Colgate-Palmolive stock in a transaction on Friday, July 15th. The stock was sold at an average price of $74.98, for a total value of $274,876.68. Following the completion of the sale, the chief technology officer now owns 54,602 shares of the company’s stock, valued at $4,094,057.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Franck J. Moison sold 15,000 shares of Colgate-Palmolive stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $75.16, for a total value of $1,127,400.00. Following the completion of the sale, the chief operating officer now directly owns 188,029 shares of the company’s stock, valued at approximately $14,132,259.64. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.
Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.
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