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Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference

[Business Wire] – Colgate-Palmolive Chairman, President and CEO, Ian Cook, will present on Friday, February 19, 2016 at 8:15 a.m. ET at the Consumer Analyst Group of New York Conference. Read more on this. Colgate-Palmolive Co. (CL) , with a current value of $59.00B, began trading this morning at $65.99. Looking at today’s trading action, the company’s one day range from $65.41 to $66.17 and has traded between $50.84 and $71.56 over the past year. CL shares are currently priced at 23.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 18.11x earnings multiple. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 2.30%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $2.80 is a $0.01 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.77 Billion. If reported, that would be a 7.37% decrease over the year-ago quarter. In terms of ratings, Exane BNP Paribas upgraded CL from Neutral to Outperform (Jan 15, 2016). Previously, RBC Capital Mkts downgraded CL from Outperform to Sector Perform. The average price target for CL shares is $68.97, which is 4.52% above where the stock opened this morning. See more in (NYSE:CL) Similar Articles: Market Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts 2015 Fourth Quarter and Year-end Earnings Conference Call January 29, 2016 – 11:00 a.m. ET Stock Update (NYSE:CL): Colgate-Palmolive Webcasts Presentation at the 22nd CLSA Investors’ Forum 2015 Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at the Barclays Global Consumer Staples Conference
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