Revenue Update on Colgate-Palmolive Company(NYSE:CL)

Colgate-Palmolive Company(NYSE:CL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $3.85B. Analysts estimated a revenue of $3.86B. Earnings per share were $0.70. Analysts had estimated an EPS of $0.69.

In a different note, On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Colgate-Palmolive Company. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Hold’ by the firm. On May 2, 2016, Goldman Sachs said it Upgrades its rating on Colgate-Palmolive Company. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Neutral’ by the firm.

Colgate-Palmolive Company (CL) made into the market gainers list on Thursdays trading session with the shares advancing 0.94% or 0.7 points. Due to strong positive momentum, the stock ended at $74.78, which is also near the day’s high of $75.06. The stock began the session at $74.21 and the volume stood at 30,26,978 shares. The 52-week high of the shares is $75.34 and the 52 week low is $50.84. The company has a current market capitalization of $66,666 M and it has 89,14,93,130 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Patricia Verduin (Chief Technology Officer) sold 3,666 shares at $74.98 per share price.Also, On May 13, 2016, Justin Skala (COO NA, Eur, Afr/E & Gl Sust) sold 89,200 shares at $72.17 per share price.On May 13, 2016, John J Huston (Sr. VP Office of the Chairman) sold 14,000 shares at $72.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral Personal and Home Care and Pet Nutrition. The Oral Personal and Home Care product segment is operated through five geographic segments: North America Latin America Europe/South Pacific Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes among others. The Company sells its personal care products under the Palmolive Protex and Softsoap brands. The Company through its Hill’s Pet Nutrition segment (Hill’s) manufactures pet nutrition products for dogs and cats.

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