Stock Update (NYSE:CL): Colgate-Palmolive Webcasts Presentation at the Bernstein 32nd Annual Strategic Decisions Conference

[Business Wire] – Colgate-Palmolive Chairman, President and CEO, Ian Cook, will present on Thursday, June 2, 2016 at 8:00 a.m. ET at the Bernstein 32nd Annual Strategic Decisions Conference. Read more on this. Colgate-Palmolive Co. (CL) , with a current value of $62.82B, began trading this morning at $70.79. Looking at today’s market, CL one day range is $70.23 to $70.79 and has traded between $50.84 and $72.72 over the past year. CL shares are currently priced at 24.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.47x earnings multiple for the same period. And for income investors, the company pays shareholders $1.56 per share annually in dividends, yielding 2.17%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.01 worse than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.82 is a $0.01 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.86 Billion. If reported, that would be a 5.16% decrease over the year-ago quarter. More recently, Goldman upgraded CL from Sell to Neutral (May 2, 2016). Previously, Sterne Agee CRT downgraded CL from Buy to Neutral. Investors should keep in mind is that the average price target is $73.59, which is 3.96% above where the stock opened this morning. See more in (NYSE:CL) Similar Articles: Company Update (NYSE:CL): Colgate-Palmolive Webcasts Presentation at its 2016 Annual Meeting of Stockholders May 6, 2016 – 10:00 a.m. ET Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts 2016 First Quarter Earnings Conference Call April 28, 2016 – 11:00 a.m. ET Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference