Colgate-Palmolive Company (NYSE:CL) Given Price Target Of $74.777


As per Colgate-Palmolive Company (NYSE:CL)’s news release on 2016-06-10, its shareholders will get cash dividend of $0.39 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-22 and 2016-08-15, respectively.

The stock will commence trading ex-dividend from 2016-07-20, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Colgate-Palmolive Company (NYSE:CL) disbursed $0.39 in dividend compared to distribution of $0.39, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.6338%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Colgate-Palmolive Company (NYSE:CL) to attain a price target of $74.777. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $83. The low price range is set at $70 for next year while the arithmetic mean is seen at 2.92.

Eyeing Earnings Colgate-Palmolive Company (NYSE:CL) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.73 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Colgate-Palmolive Company (NYSE:CL) earnings came at $0.7 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.69 for the quarter.

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