Colgate-Palmolive Q2 profit down 2% on GST impact

Colgate-Palmolive Q2 profit down 2% on GST impact

Next year this growth will reach 7.96% to attain $3.12. A month ago, analyst EPS consensus estimated earnings of US$0.73 per share. Zacks Investment Research's sales averages are an average based on a survey of sell-side research analysts that cover Colgate-Palmolive.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on October, 27 before the open. Comparatively, CL posted earnings of $0.83 per share in the same quarter, a year earlier. The Return on Equity ratio of Colgate-Palmolive Co. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. Next quarter's EPS is forecasted at $0.78 and the next full year EPS is projected to be $3.13. The company's EBITDA also witnessed a 9 per cent increase on a year-on-year basis.

CL has been the subject of a number of recent analyst reports. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. SunTrust Banks, Inc. upgraded shares of Colgate-Palmolive from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $85.00 in a research report on Wednesday, October 11th. The Price Index 12m for Colgate-Palmolive Company (NYSE:CL) is 1.06347. Colgate-Palmolive Company (NYSE:CL) has an M-Score of -2.789692.

With its market cap stated above, the dividend yield for Colgate-Palmolive Company, CL is 2.11%. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of "Hold" and an average price target of $76.85. Colgate Palmolive Co now has $66.91 billion valuation.

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Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insider ownership decreased by a total of 810503 shares, which suggests that CL's key executives are feeling less optimistic about the outlook for the stock. There are brokerage firms with lower targets than the average, including one setting a price target of $53. Used in conjunction with a variety of other ratios, this indicator is a very important tool for investors in determining the effectiveness of a company to generate returns for investors. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. Over the last ninety days, insiders have sold 214,136 shares of company stock valued at $15,416,385.

These firms have modified their investment in CL. Vanguard Group Inc. raised its holdings in Colgate-Palmolive by 2.4% in the 2nd quarter. (PLD) has a market cap of $34.5 billion and over the last 12 months, Prologis, Inc. Wetherby Asset Management Inc. lifted its holdings in Colgate-Palmolive by 8.6% during the 1st quarter.

Chemung Canal Trust Company decreased Verizon (NYSE:VZ) stake by 28,567 shares to 63,606 valued at $2.84M in 2017Q2. 3,812 were reported by Holt Capital Advisors Llc Dba Holt Capital Limited Partnership. Shares of CL have increased 4.45% in the past three monthswhile the S&P 500 has gained 0.97% in that time. Wilbanks Smith & Thomas Asset Management Limited Co invested in 50,227 shares or 0.33% of the stock. Moreover, Horan Mgmt has 0.28% invested in Colgate-Palmolive Company (NYSE:CL). The NYSE listed company saw a recent bid of 74.81 and 1570000 shares have traded hands in the session. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The firm has a 50 day moving average of $72.45 and a 200 day moving average of $73.19. Additionally the company recently declared a dividend for shareholders which will be paid on Wednesday the 15th of November 2017. The ex-dividend date is Friday the 14th of July 2017. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations.

Monitoring the levels for Colgate Palmolive (India) Limited (COLPAL.NS), we have made a note that the UO level is presently below 40. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition.

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