Notable Stock to Watch: Colgate-Palmolive Company (NYSE: CL)

On 22 Nov 2019, Colgate-Palmolive Company stock identified change of 16.01% away from 52-week low price and recently located move of -12.69% off 52-week high price. It has market worth of $57567.39M and dividend yield of 2.58%. CL stock has been recorded -3.35% away from 50 day moving average and -4.88% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.46% off 20-day moving average.

Colgate-Palmolive Company (CL) recently stated worldwide Net sales of $3,928M in third quarter 2019, a raise of 2.0% versus third quarter 2018. Global unit volume increased 3.0%, pricing increased 1.5% and foreign exchange was negative 2.5%. Organic sales (Net sales not including the impact of foreign exchange, acquisitions and divestments) increased 4.5%.

Net income and Diluted earnings per share in third quarter 2019 were $578M and $0.67, respectively. Net income in third quarter 2019 included $36M ($0.04 per diluted share) of aftertax charges resulting from the Company’s Global Growth and Efficiency Program and acquisition costs primarily related to the before revealed acquisition of the Laboratoires Filorga Cosmétiques (“Filorga”) skin health business, which closed on September 19, 2019.

Net income and Diluted earnings per share in third quarter 2018 were $523M and $0.60, respectively. Net income in third quarter 2018 included $102M ($0.12 per diluted share) of aftertax charges resulting from the Global Growth and Efficiency Program and related to U.S. tax reform.

Not Including charges resulting from the Global Growth and Efficiency Program in both periods, acquisition costs in 2019 and the charge related to U.S. tax reform in 2018, Net income in third quarter 2019 was $614M, a decrease of 2% versus third quarter 2018, and Diluted earnings per share in third quarter 2019 were $0.71, a decrease of 1% versus third quarter 2018.

Gross profit margin was 59.0% in third quarter 2019, even with third quarter 2018. Not Including charges resulting from the Global Growth and Efficiency Program in both periods, Gross profit margin was 59.0% in third quarter 2019, a decrease of 20 basis points versus the year ago quarter as higher raw and packaging material costs, which included foreign exchange transaction costs, were partially offset by cost savings from the Company’s funding-the-growth initiatives and higher pricing.

Operating profit reduced to $856M in third quarter 2019 contrast to $874M in third quarter 2018. Not Including charges resulting from the Global Growth and Efficiency Program in both periods and acquisition costs in 2019, Operating profit was $900M in third quarter 2019, even with third quarter 2018. Operating profit margin was 21.8% in third quarter 2019 versus 22.7% in third quarter 2018. Not Including charges resulting from the Global Growth and Efficiency Program in both periods and acquisition costs in 2019, Operating profit margin was 22.9% in third quarter 2019, a decrease of 50 basis points versus the year ago quarter. This decrease in Operating profit margin was Because of a decrease in Gross profit and a raise in Selling, general and administrative expenses, both as a percentage of Net sales.

The Consumer Goods sector company, Colgate-Palmolive Company noticed change of -0.06% to $66.71 along volume of 2592640 shares in recent session compared to an average volume of 3493.8K. The stock observed return of 0.51% in 5 days trading activity. The stock was at -2.39% over one-month performance. CL’s shares are at -8.33% for the quarter and driving a 7.74% return over the course of the past year and is now at 12.08% since this point in 2018.   The average volatility for the week at 1.33% and for month was at 1.43%. There are 862.95M shares outstanding and 854.1M shares are floated in market. Right now, the stock beta is 0.71.

 

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