Colgate-Palmolive Co. (NYSE:CL) saw a downside of -0.30% to close Tuesday at $72.00 after subtracting -$0.22 on the day. The 5-day average trading volume is 3,771,120 shares of the company’s common stock. It has gained $73.98 in the past week and touched a new high 2 times within the past 5 days. An average of 3,695,630 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,128,834.
CL’s 1-month performance is -2.48% or -$1.83 on its low of $71.86 reached on 09/25/23. The company’s shares have touched a 52-week low of $67.84 and high of $82.09, with the stock’s rally to the 52-week high happening on 05/15/23. YTD, CL has lost -8.62% or -$6.79 and has reached a new high 7 times. However, the current price is down -12.29% from the 52-week high price.
Insider Transactions
CL stock investors last saw insider trading activity on Sep 11.Wallace Noel R. (Chairman, President & CEO) most recently sold 48,627 shares at $73.37 per share on Sep 11. This transaction cost the insider $3,567,982. CLO and Secretary, Daniels Jennifer, sold 24,704 shares at a price of $73.31 on Sep 11. Then, on Aug 31, Vice President and Controller Malcolm Gregory sold 10,493 shares at a price of $73.90 per share. This transaction amounted to $775,457.
Valuation Metrics
CL stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.19 while the price to cash flow ratio at 25.26.
Colgate-Palmolive Co.’s quick ratio for the period ended June 29 was 0.73, with the current ratio over the same period at 1.17.. In terms of profitability, the gross margin trailing 12 months is 56.82%. The trailing 12-month EBITDA margin is 22.99% while for the period ending June 29, Colgate-Palmolive Co.’s operating margin was 20.59%. The firm’s gross profit as reported stood at $10.25 billion against revenue of $17.97 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -20.12% to $502.0 million, while revenue of $372.0 million was 25.9% off the previous quarter. Analysts expected CL to announce $0.75 per share in earnings in its latest quarter, but it posted $0.77, representing a 2.70% surprise. EBITDA for the quarter stood at more than $1.12 billion. CL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.91 billion, with total debt at $8.99 billion. Shareholders hold equity totaling $826.69 million.
Let’s look briefly at Colgate-Palmolive Co. (CL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 36.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.47%.
The stock’s 5-day moving average is $72.73, reflecting a -1.67% or -$1.22 change from its current price. CL is currently trading -2.23% above its 20-day SMA, -11.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.74% and SMA200 by-7.16%.
Stochastic %K and %D was 10.29% and 26.81% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 38.86%, while the 14-day stochastic is at 6.24% with the period’s ATR at 0.98. The stock’s 9-day MACD Oscillator is pointing at -0.82 and -0.88 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Colgate-Palmolive Co. (NYSE: CL), HSBC Securities launched coverage with a Buy rating.
