Market Update: Colgate-Palmolive Company (NYSE:CL) – Colgate Declares Regular Quarterly Dividend

[Business Wire] – The Board of Directors of Colgate-Palmolive Company today declared a quarterly cash dividend of $0.39 per common share, payable on August 15, 2016, to shareholders of record on July 22, 2016. Read more on this. Colgate-Palmolive Co. (CL) , with a current market cap of $64.60B, started trading this morning at $71.85. Looking at the stock, its one day range is $71.74 to $72.41 and has traded between $50.84 and $72.72 over the past 12 months. Colgate (CL) shares are currently priced at 25.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.90x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.56 per share annually in dividends, yielding 2.17%. Consensus earnings for the current quarter by the 19 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. In looking at the bigger picture, the full-year EPS estimate of $2.82 would be 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. In terms of ratings, Goldman upgraded CL from Sell to Neutral (May 2, 2016). Previously, Sterne Agee CRT downgraded CL from Buy to Neutral. With the above information in mind, readers should note that the average price target is $74.06, which is 3.08% above where the stock opened this morning. See more in (NYSE:CL) Similar Articles: Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate Announces 3% Dividend Increase – Effective 2nd Quarter 2016 Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference 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