|Day's Range||1.2000 - 1.2700|
The same global economic volatilities that hurt Procter & Gamble’s earnings this quarter will likewise have an impact on other companies in the household and personal care space, according to an analyst at RBC Capital Markets.
Colgate-Palmolive (CL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hello Products, founded in 2009, sells various lines of vegan toothpastes and mouthwashes, some which are infused with hemp seed oil - another benefit for Colgate as demand for products based on cannabis derivatives grows. Colgate launched its first "vegan-certified" toothpaste earlier this month. Most toothpastes cannot be classified as vegan as they contain glycerin, which is usually made from animal fat.
Colgate-Palmolive Company (NYSE:CL) today announced that it has agreed to acquire Hello Products LLC ("Hello"), one of the fastest-growing, premium oral care brands in the United States, a portfolio company of Tenth Avenue Holdings, a New York City based private, diversified holding company.
Procter & Gamble's (PG) bottom line beats estimates in second-quarter fiscal 2020, while sales miss. Adjusted free cash flow productivity increases to 100%.
Cresco Labs Inc. said Thursday it has entered a senior secured term loan agreement for an initial sum of $100 million with an option to borrow up to $200 million. The Chicago-based cannabis company expects to complete an initial drawdown by Jan. 30 and will use the funds to expand operations in Illinois, where cannabis became legal for adult use this year. Cannabis companies have been struggling to access capital in recent months after a steep selloff in the sector last year and many have been forced into dilutive financings or have resorted to sale-and-leaseback arrangements using their own real estate. "Through this deal, we have diversified the Company's funding sources, improved our cost of capital in a non-dilutive manner and given ourselves flexibility in a dynamic capital environment," Chief Executive Charlie Bachtell said in a statement. Loans made on the initial closing date will bear interest at a rate of about 12.7% per year for 18-month loans and about 13.2% for 24-month loans, payable quarterly in arrears, said the statement. Cresco's U.S.-listed shares were not yet active premarket, but have fallen 2.9% in the last 12 months, while the ETFMG Alternative Harvest ETF has fallen 40% and the S&P 500 has gained 26%.
Today we will run through one way of estimating the intrinsic value of Colgate-Palmolive Company (NYSE:CL) by...
Colgate-Palmolive Company (NYSE:CL) will provide a live webcast of its 2019 fourth quarter and year-end earnings conference call on Friday, January 31, 2020, at 11:00 a.m. ET. The call will be hosted by President and CEO, Noel Wallace, and Chief Investor Relations Officer, John Faucher.
Colgate (CL) witnesses soft margins on increased raw material costs, higher SG&A expenses and currency woes. However, its innovation plans, savings program and expansion strategies might help.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) today declared a quarterly cash dividend of $0.43 per common share, payable on February 14, 2020, to shareholders of record on January 23, 2020. The Company has paid uninterrupted dividends on its common stock since 1895.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
Shares of Colgate-Palmolive Co. slumped 0.9% in morning trading Thursday, to buck the gains in its consumer staples peer group and the broader stock market, after BofA Securities downgraded the consumer products company, citing concerns over continued market-share losses. Analyst Olivia Tong cut her rating to neutral from buy, and lowered her price target to $74 from $77. "While we continue to view [Colgate-Palmolive] as one of the higher quality names in consumer staples, with dominant market shares, low private label exposure, geographic depth, and a more aggressive stance in driving growth, struggles to stem share losses in toothpaste and tough [comparisons] drive our concern that conditions will be more challenging next year, potentially necessitating another year of outsized investment," Tong wrote in a note to clients. The stock's decline comes while the SPDR Consumer Staples Select Sector ETF gained 0.4% and the S&P 500 tacked on 0.2%.
The bullish case for Colgate-Palmolive Company (NYSE: CL ) can no longer be made as recent momentum is unlikely to be sustained in 2020, according to Bank of America. The Analyst Olivia Tong downgraded ...
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Colgate-Palmolive is betting on new products like Optic White to spur growth after several quarters of shrinking profit margins.
Cresco Labs Inc. said Thursday it has raised $50 million in a sale-and-leaseback deal of its Lincoln, Illinois facility with GreenAcreage Real Estate Corp. The agreement, which will not dilute its shares, will allow the company to operate the property as a licensed medical and recreational cannabis grow facility in time for the full legalization of adult-use cannabis in Illinois in January. That market is expected to reach $2 billion to $4 billion in sales once it reaches maturity. Cresco had cash and cash equivalents of $73.7 million at the end of the third quarter, along with a working capital position of $144.6 million and zero debt. It has already entered a sale-and-leaseback agreement for its Marshall, Michigan and Yellow Springs, Ohio facilities for $38 million. U.S.-listed shares were not active premarket, but have fallen 11% in 2019, while the ETFMG Alternative Harvest ETF has fallen 32% and the S&P 500 has gained 25%.
Colgate (CL) is grappling with weak margins and adverse impacts of foreign currency. Nevertheless, its innovation plans, savings program and expansion strategies bode well.
The Zacks Analyst Blog Highlights: ExxonMobil, Starbucks, Diageo, Fidelity National Information Services and Colgate-Palmolive