Company Update (NYSE:CL): Colgate-Palmolive Webcasts Presentation at its 2016 Annual Meeting of Stockholders May 6, 2016 – 10:00 a.m. ET

[Business Wire] – Colgate-Palmolive Company will provide a live webcast of its 2016 Annual Meeting of Stockholders on Friday, May 6, 2016 at 10:00 a.m. ET. The meeting will be hosted by Ian Cook, Chairman, President and CEO. Read more on this. Colgate-Palmolive Co. (CL) , with a current market cap of $61.59B, opened at $70.20. Looking at the stock, its one day range is $69.00 to $70.32 and has traded between $50.84 and $71.79 over the past 12 months. Colgate (CL) shares are currently priced at 25.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.10x earnings multiple for the same period. The company pays shareholders $1.56 per share in dividend income per year, for a current yield of 2.19%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.63 per share, which would be $0.03 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.77 is a $0.04 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.77 Billion. If realized, that would be a 7.37% decrease over the year-ago quarter. Recently, Sterne Agee CRT downgraded CL from Buy to Neutral (Feb 26, 2016). Previously, Exane BNP Paribas upgraded CL from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $71.65, which is 2.07% above than it opened this morning. See more in (NYSE:CL) Similar Articles: Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts 2016 First Quarter Earnings Conference Call April 28, 2016 – 11:00 a.m. ET Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference Market Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts 2015 Fourth Quarter and Year-end Earnings Conference Call January 29, 2016 – 11:00 a.m. ET
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