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Colgate-Palmolive Co. Message Board

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  • For a company that has a much smaller revenue, less product variety, and much larger debt compared to P&G, it is very much overvalued

    Sentiment: Strong Sell

  • Colgate Announces 3rd Quarter 2014 Results

    Organic Sales Growth In All Operating Divisions

    .

    Business Wire
    Colgate-Palmolive Company

    Colgate-Palmolive Company (CL) today reported worldwide Net sales of $4,379 million in third quarter 2014, a decrease of 0.5% versus third quarter 2013. Global unit volume grew 2.0%, pricing increased 1.5% and foreign exchange was negative 4.0%. Organic sales (Net sales excluding foreign exchange, acquisitions and divestments) grew 3.5%.

    Net income and Diluted earnings per share in third quarter 2014 were $542 million and $0.59, respectively. Net income in third quarter 2014 included $159 million ($0.17 per diluted share) of aftertax charges resulting from the implementation of the previously disclosed four-year Global Growth and Efficiency Program (the “2012 Restructuring Program”), a Venezuela remeasurement charge, costs related to the sale of land in Mexico and charges for a foreign tax matter and a European competition law matter, both previously disclosed.

    Net income and Diluted earnings per share in third quarter 2013 were $656 million and $0.70, respectively. Net income in third quarter 2013 included aftertax charges of $24 million ($0.03 per diluted share) resulting from the items described in Table 8.

    Excluding the above noted items in both periods, Net income in third quarter 2014 was $701 million, an increase of 3% versus third quarter 2013, and Diluted earnings per share in third quarter 2014 was $0.76, an increase of 4% versus third quarter 2013.

    Gross profit margin was 58.4% in third quarter 2014 versus 58.8% in the year ago quarter. Excluding the above noted items in both periods, Gross profit margin was 58.6% in third quarter 2014, a decrease of 40 basis points versus the year ago quarter, primarily as a result of higher pricing and cost savings from the Company’s funding-the-growth initiatives

    Sentiment: Hold

  • Colgate-Palmolive Company (NYSE:CL) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note .
    Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Tuesday, September 30th. They now have a $71.00 price target on the stock, up previously from $67.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Thursday, August 14th. They now have a $68.00 price target on the stock. Finally, analysts at Bernstein cut their price target on shares of Colgate-Palmolive Company from $69.00 to $66.00 in a research note on Friday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $68.00.

CL
70.89+0.42(+0.60%)3:22 PMEST

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