Will Colgate-Palmolive Stock See Higher Levels After Over A 15% Rise This Year? [Forbes]
Colgate-Palmolive Company (CL)
Last colgate-palmolive company earnings: 5/1 06:55 am
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Source: Forbes
(NYSE: CL) reported its Q1 results on April 26, with revenues and earnings above the street estimates. The company reported $5.1 billion revenue and $0.86 adjusted earnings per share, compared to the consensus estimates of $5.0 billion and $0.82, respectively. Despite its upbeat results, we think CL stock is fully valued at $93. In this note, we discuss Colgate-Palmolive's stock performance, key takeaways from its recent results, and valuation. Firstly, let us look at Colgate-Palmolive's stock performance. CL stock has witnessed gains of 10% from levels of $85 in early January 2021 to around $95 now, vs. an increase of about 40% for the S&P 500 over this roughly three-year period. However, the increase in CL stock has been far from consistent. Returns for the stock were 0% in 2021, -8% in 2022, and 1% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that CL underperformed the S&P in 2021 and 2023. In fact, consisten
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- Colgate-Palmolive (NYSE: CL) had its price target raised by analysts at Argus from $97.00 to $107.00. They now have a "buy" rating on the stock.MarketBeat
- Colgate-Palmolive's India unit posts Q4 profit rise on price hikes, healthy demand [Reuters]Reuters
- Liquid Toothpaste Market To Reach USD 5.8 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
CL
Earnings
- 4/26/24 - Beat
CL
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- CL's page on the SEC website