Colgate-Palmolive (NYSE:CL) Announces Earnings Results

Key Points

• Colgate-Palmolive reported earnings of $0.92 EPS for the quarter, exceeding analysts' expectations of $0.89, with revenue of $5.11 billion, up 1.0% year-over-year.
• The company declared a quarterly dividend of $0.52 per share, providing a 2.5% dividend yield, with a payout ratio of 58.76%.
• Analysts have mixed ratings on Colgate-Palmolive's stock, with a consensus rating of "Hold" and an average price target of $100.58.

Colgate-Palmolive (NYSE:CL - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03, RTT News reports. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a return on equity of 461.04% and a net margin of 14.52%. Colgate-Palmolive's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS.

Colgate-Palmolive Stock Down 0.5%

Shares of Colgate-Palmolive stock traded down $0.42 during trading hours on Friday, hitting $83.43. 6,557,679 shares of the company's stock traded hands, compared to its average volume of 5,261,802. The company has a market cap of $67.61 billion, a PE ratio of 23.53, a PEG ratio of 4.42 and a beta of 0.37. Colgate-Palmolive has a twelve month low of $82.70 and a twelve month high of $109.30. The stock has a 50 day simple moving average of $89.77 and a 200-day simple moving average of $90.31. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 8.96.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, July 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive's dividend payout ratio (DPR) is currently 58.76%.

Hedge Funds Weigh In On Colgate-Palmolive

A hedge fund recently raised its stake in Colgate-Palmolive stock. Woodline Partners LP boosted its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 76.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,361 shares of the company's stock after acquiring an additional 20,062 shares during the period. Woodline Partners LP's holdings in Colgate-Palmolive were worth $4,344,000 at the end of the most recent quarter. 80.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CL shares. Citigroup boosted their price target on Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research report on Monday, April 28th. UBS Group lowered their price target on Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating on the stock in a report on Friday, July 25th. Barclays upped their price target on Colgate-Palmolive from $86.00 to $87.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $100.58.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.

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