Colgate-Palmolive (CL) stock outperformed the broader markets in November and increased 6.7%. Colgate-Palmolive’s top line is projected to remain low during the fourth quarter, which reflects the negative impact from currency rates and challenging market conditions in China and Brazil. Analysts expect Colgate-Palmolive’s fourth-quarter EPS to decline on a year-over-year basis due to lower sales and weak margins.
Colgate-Palmolive Co Add to portfolio
INX:CL, Dec 14, 11:05 UTC
Latest INX:CL News
Filter your feed
Date: 13 Dec 18 Time: 18:50
Thursday, December 06
Date: 06 Dec 18 Time: 21:15
Recovery in Colgate-Palmolive Stock Could Be Short-Lived
Date: 06 Dec 18 Time: 12:51
Colgate (CL) Stock Down 14.3% YTD: What You Should Know
Moreover, Colgate has a dismal sales trend, having missed estimates in 21 of the trailing 22 quarters.Consequently, shares of this Zacks Rank #5 (Strong Sell) company have lost 14.3% so far this year against the industry’s 2.3% growth. In the last reported quarter, the company saw fourth straight quarter of gross margin contraction, with the sixth consecutive quarter of operating margin decline.In third-quarter 2018, gross margin declined 120 basis points (bps) due to increased raw and packaging material expenses. It also projects higher advertising investment related to product innovations, core businesses and consumption-building initiatives, which might be detrimental to the operating margin.Apart from missing top-line estimates in the third quarter, Colgate’s sales also fell 3% due to a 4% impact of unfavorable currency rates and flat global unit volume, offset by a 1% increase in pricing. Moreover, the company anticipates solid operating cash flow, and is optimistic about the brand building and productivity maximization initiatives during the same period.Further, Colgate’s Global Growth and Efficiency Program or 2012 Restructuring Program, and Funding the Growth initiatives are encouraging.
Tuesday, December 04
Date: 04 Dec 18 Time: 13:14
Clearstead Advisors LLC Buys 3,596 Shares of Colgate-Palmolive (CL) – PressOracle
Clearstead Advisors LLC Buys 3,596 Shares of Colgate-Palmolive (CL) – PressOracle. Clearstead Advisors LLC lifted its stake in Colgate-Palmolive (NYSE:CL) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). SunTrust Banks downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating and cut their price objective for the company from $80.00 to $65.00 in a research note on Friday, October 26th. In other Colgate-Palmolive news, CFO Henning I. Jakobsen sold 1,015 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th.
Sunday, December 02
Date: 02 Dec 18 Time: 18:46
First Eagle Investment Management LLC Boosted Colgate Palmolive Co (CL) Position by $213.88 Million as Market Valuation Rose
The United Kingdom-based Legal General Group Inc Public Limited Liability has invested 0.21% in Colgate-Palmolive Company (NYSE:CL). The Illinois-based Hartline Investment Corporation has invested 0.07% in Colgate-Palmolive Company (NYSE:CL). Since June 15, 2018, it had 0 insider purchases, and 8 sales for $13.32 million activity. 19,500 Colgate-Palmolive Company (NYSE:CL) shares with value of $1.28M were sold by Marsili Daniel B. The hedge fund held 11.17 million shares of the package goods and cosmetics company at the end of 2018Q2, valued at $724.09 million, up from 7.83 million at the end of the previous reported quarter.
Wednesday, November 28
Date: 28 Nov 18 Time: 16:40
Colgate-Palmolive (NYSE:CL) Holdings Lessened by PNC Financial Services Group Inc. – Marea Informative
PNC Financial Services Group Inc. lowered its stake in Colgate-Palmolive (NYSE:CL) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Wells Fargo & Co lowered their price objective on Colgate-Palmolive from $64.00 to $62.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 17th. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. In other news, VP Philip G. Shotts sold 462 shares of the company’s stock in a transaction on Tuesday, September 11th.
Monday, November 26
Date: 26 Nov 18 Time: 19:14
Personal Capital Advisors Corp Has Boosted Holding in Colgate Palmolive Co (CL) by $3.74 Million
Clean Yield Group Incorporated holds 0.2% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 7,488 shares. Mariner Wealth Advsr stated it has 5,477 shares or 0.02% of all its holdings. Since June 15, 2018, it had 0 insider purchases, and 8 selling transactions for $13.32 million activity. 19,500 Colgate-Palmolive Company (NYSE:CL) shares with value of $1.23M were sold by Marsili Daniel B. MOISON FRANCK J also sold $978,572 worth of Colgate-Palmolive Company (NYSE:CL) shares. More news for Colgate-Palmolive Company (NYSE:CL) were recently published by: Benzinga.com, which released: “Despite Down Monday, The Chart Of Colgate-Palmolive Looks Very Bullish Right Now” on November 19, 2018.
Sunday, November 25
Date: 25 Nov 18 Time: 14:30
Why Is Colgate-Palmolive (CL) Down 3.2% Since Last Earnings Report?
Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Including one-time items, earnings came in at 60 cents per share compared with 68 cents reported in the year-ago period.Total sales of $3,845 million dipped 3% from the year-ago period and fell short of the Zacks Consensus Estimate of $3,877 million. Top-line growth was also marred by trade inventory reductions in China and volatility in Brazil. Although pricing environment was difficult due to competitive and retail dynamics, the company witnessed favorable pricing in the third quarter, somewhat offset by increased commodity and logistics expenses. Also, management expects the backdrop to remain challenging due to uncertain global markets and slowing category growth worldwide. However, the company remains optimistic about the brand building and productivity maximization initiatives.Depending on the existing spot rates, Colgate expects net sales to decline low-single digits for the fourth quarter due to foreign exchange headwinds. However, it projects organic sales to increase low-single-digit for the same period.Further, the company anticipates lower gross margin for 2018, both on a GAAP and adjusted basis.Nevertheless, the company continues to expect robust operating cash flow, advertising investment along with 3-4% improvement in earnings per share over 2017, on an adjusted basis.
Key Stats & Ratios
|Quaterly Earnings Growth||-13.80%|
|Quaterly Revenue Growth||-3.20%|
|Revenue per share||17.89|