Colgate-Palmolive Co (NYSE: CL) has reported E.P.S. of $0.83 for its first fiscal quarter (ending March 31) versus $0.45 for the same period a year ago — an increase of 84%. Relative to the consensus estimate of $0.89, this was a shortfall of $-0.06. For the latest four quarters through March 31, E.P.S. were $3.17 compared to $1.92 a year ago — an increase of 65%.
Recent Price Action
On 4/26/24, Colgate-Palmolive Co (NYSE: CL) stock increased 1.9%, closing at $91.01. Moreover, trading volume in this advance was unusually high at 189% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
CL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Colgate-Palmolive has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Colgate-Palmolive has a neutral Appreciation Score of 44 but a good Power Rating of 78, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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