|Bid||58.97 x 800|
|Ask||59.01 x 1800|
|Day's Range||58.07 - 59.66|
|52 Week Range||43.21 - 60.42|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||18.14|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||0.87 (1.49%)|
|1y Target Est||57.44|
The majority of Wall Street analysts maintain a neutral outlook on Colgate-Palmolive (CL) stock. Analysts expect a heightened promotional environment and adverse currency rates to hurt the company’s top line, which they expect to decline in the third quarter. Meanwhile, soft sales and higher raw and packaging material costs are expected to hurt its margins in the near term. Also, the company’s EPS growth rate is expected to slow down significantly.
Colgate-Palmolive (CL) is likely to disappoint investors with its top-line performance in the third quarter. Analysts expect Colgate-Palmolive to report net sales of $3.9 billion, down 1.7% on a YoY (year-over-year) basis.
Colgate-Palmolive (CL) is expected to announce its third-quarter results on Friday, October 26. However, analysts expect the company to disappoint investors with its third-quarter sales and earnings performance. Similar to Procter & Gamble (PG) and Kimberly-Clark (KMB), Wall Street expects Colgate-Palmolive’s top line also to see a YoY (year-over-year) decline.
A few Wall Street analysts downgraded Kimberly-Clark (KMB) stock before its third-quarter results. On October 10, Deutsche Bank downgraded Kimberly-Clark stock to “sell” from “hold” and lowered the target price to $99 from $108. On October 8, Goldman Sachs downgraded Kimberly-Clark stock to “neutral” from “buy” and reduced the target price by $1 to $119.
Kimberly-Clark’s (KMB) profit margins haven’t impressed investors in the past several quarters. The company continues to struggle on the margins front. Lower pricing, increased commodity and shipping costs, and soft volumes have taken a toll on the company’s profitability.
Analysts expect Kimberly-Clark (KMB) to report total revenues of $4.5 billion in the third quarter—down 2.1% compared to the same period last year. Analysts expect soft volumes and weak pricing to continue to hurt the company’s organic sales growth rate and overall sales. Negative currency rates pose a threat to the top line in the third quarter.
Kimberly-Clark (KMB) is scheduled to announce to its third-quarter results on October 22. However, analysts’ estimate for the third quarter reflects that the company will likely disappoint investors with its sales and earnings performance.
As we discussed in Part 1, Colgate-Palmolive (CL), Church & Dwight (CHD), and Clorox (CLX) shares declined considerably in the past few days following Deutsche Bank’s negative stance. Despite the recent decline, the companies’ stocks aren’t attractive on the valuation front.
Shares of consumer packaged goods manufacturers in the United States have decline considerably in the past few days. Deutsche Bank turned negative on the prospects of the companies operating in the consumer packaged goods sector on October 10.
Investors worried about rising bond yields and interest rates continue their flight to safety, moving away from tech stocks and toward consumer staples stocks and other more defensive investments. “Whenever you see rates rise in a rapid fashion, you typically see tech take a hit,” Chris Zaccarelli, CIO of Independent Advisor Alliance, said on Oct. 8. For those investors concerned about the future direction of the markets who’ve taken profits from the FANG stocks, consumer staples stocks are one area that has traditionally been a haven.
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Church & Dwight (CHD) has outperformed its peers with its strong sales and earnings growth during the first half of 2018. While Procter & Gamble (PG), Kimberly-Clark (KMB), and Colgate-Palmolive (CL) have struggled to drive organic sales, Church & Dwight has been successful.
Church & Dwight Co., Inc. will host a conference call to discuss third quarter 2018 earnings results on November 1, 2018 at 10:00 a.m. EST.
Shares of Church & Dwight (CHD) are up 18.7% on a YTD (year-to-date) basis as of September 14, reflecting double-digit growth in the company’s top line over the past four quarters. Church & Dwight has outperformed industry giants like Procter & Gamble (PG) and Kimberly-Clark (KMB) with its stellar sales growth rate.
Church & Dwight (CHD) is trading at a significant premium to its peer group average, reflecting the company’s outperformance on both the sales and earnings fronts over the past several quarters. However, given the recent uptrend in the stock and projected deceleration in the sales and earnings growth rate in fiscal 2019, the shares look fully priced. Church & Dwight stock trades at 26.1x and 24.3x its projected EPS of $2.28 and $2.45 in fiscal 2018 and fiscal 2019, respectively. The company’s high valuation could restrict the upside.
Consumer packaged goods (or CPG) manufacturers haven’t had much to celebrate so far this year. Lower pricing amid intense competition in the value segment, a tough retail environment, and significant cost headwinds weighed on these companies’ financials and, in turn, their stock prices. Plus, macroeconomic challenges across several markets remained a drag.