Colgate-Palmolive (CL) Projected to Post Quarterly Earnings on Friday

Colgate-Palmolive (NYSE:CL - Get Free Report) is projected to release its earnings data before the market opens on Friday, January 24th. Analysts expect Colgate-Palmolive to post earnings of $0.90 per share and revenue of $5,042,380.00 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Colgate-Palmolive Stock Up 0.3 %

Colgate-Palmolive stock traded up $0.23 during trading hours on Friday, hitting $88.79. 3,101,392 shares of the stock traded hands, compared to its average volume of 4,799,349. Colgate-Palmolive has a one year low of $79.69 and a one year high of $109.30. The firm's 50-day moving average price is $92.27 and its two-hundred day moving average price is $97.78. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46. The company has a market cap of $72.55 billion, a PE ratio of 25.44, a PEG ratio of 3.01 and a beta of 0.44.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.25%. Colgate-Palmolive's payout ratio is 57.31%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CL shares. TD Cowen decreased their price target on shares of Colgate-Palmolive from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays decreased their target price on shares of Colgate-Palmolive from $96.00 to $83.00 and set an "equal weight" rating for the company in a report on Friday. Piper Sandler lowered their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus decreased their price target on Colgate-Palmolive from $101.00 to $95.00 and set a "hold" rating for the company in a research note on Friday. Finally, StockNews.com cut Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Colgate-Palmolive presently has an average rating of "Hold" and an average price target of $101.11.

Insider Buying and Selling at Colgate-Palmolive

In other news, CFO Stanley J. Sutula III sold 45,410 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the sale, the chief financial officer now owns 36,726 shares in the company, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.37% of the company's stock.

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.