On November 20, 2023, Colgate-Palmolive Co. (NYSE: CL) opened at $75.28, lower -0.15% from the last session. During the day, the shares moved up to $75.745 and dropped to $75.17 before settling in for the closing price of $75.58. Price fluctuations for CL have ranged from $67.62 to $82.09 over the past 52 weeks.
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A company in the Consumer Defensive sector has jumped its sales by 3.08% annually for the last half of the decade. Company’s average yearly earnings per share was noted 7.85% at the time writing. With a float of $822.21 million, this company’s outstanding shares have now reached $830.21 million.
In an organization with 33800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +56.49, operating margin of +19.95, and the pretax margin is +14.80.
Colgate-Palmolive Co. (CL) Insider Updates
A key investor’s attitude towards the stock of the Household & Personal Products industry is another important factor to consider. The insider ownership of Colgate-Palmolive Co. is 0.14%, while institutional ownership is 82.70%. The most recent insider transaction that took place on Nov 03, was worth 474,170. In this transaction Director of this company sold 6,329 shares at a rate of $74.92, taking the stock ownership to the 24,686 shares. Before that another transaction happened on Nov 03, when Company’s Chief of Staff sold 3,000 for $75.11, making the entire transaction worth $225,330. This insider now owns 5,347 shares in total.
Colgate-Palmolive Co. (CL) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.86 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.8) by $0.06. This company achieved a net margin of +9.93 while generating a return on equity of 353.47. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.49% during the next five years compared to -1.37% drop over the previous five years of trading.
Colgate-Palmolive Co. (NYSE: CL) Trading Performance Indicators
Check out the current performance indicators for Colgate-Palmolive Co. (CL). In the past quarter, the stock posted a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25. Likewise, its price to free cash flow for the trailing twelve months is 24.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.91, a number that is poised to hit 0.85 in the next quarter and is forecasted to reach 3.45 in one year’s time.
Technical Analysis of Colgate-Palmolive Co. (CL)
Let’s dig in a bit further. During the last 5-days, its volume was 3.71 million. That was inferior than the volume of 4.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.30%. Additionally, its Average True Range was 1.05.
During the past 100 days, Colgate-Palmolive Co.’s (CL) raw stochastic average was set at 72.89%, which indicates a significant increase from 44.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.54% in the past 14 days, which was lower than the 14.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.93, while its 200-day Moving Average is $74.97. However, in the short run, Colgate-Palmolive Co.’s stock first resistance to watch stands at $75.75. Second resistance stands at $76.04. The third major resistance level sits at $76.33. If the price goes on to break the first support level at $75.18, it is likely to go to the next support level at $74.89. Assuming the price breaks the second support level, the third support level stands at $74.60.
Colgate-Palmolive Co. (NYSE: CL) Key Stats
There are currently 823,372K shares outstanding in the company with a market cap of 62.14 billion. Presently, the company’s annual sales total 17,967 M according to its annual income of 1,785 M. Last quarter, the company’s sales amounted to 4,915 M and its income totaled 708,000 K.