Core Viewpoint - Colgate-Palmolive (CL) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks Consensus Estimate for Colgate-Palmolive for the fiscal year ending December 2024 is projected at $3.57 per share, reflecting a 10.5% increase from the previous year's reported figure [5]. - Over the past three months, the Zacks Consensus Estimate for the company has risen by 1.1%, indicating a trend of increasing earnings estimates [5]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [3][4]. - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that affect stock prices [3]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Colgate-Palmolive to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [7].

Colgate-Palmolive Company (CL) continues to be a favorite among investors, thanks to its strategy of strengthening leadership in key product categories through core business innovation, exploring growth in adjacent categories, and expanding into new markets and channels. The company has been consistently gaining from its pricing and productivity initiatives.Colgate is recognized as a top consumer goods company with a global household penetration rate of 61.6%. Aggressive pricing actions, robust consumer dem ...

Colgate-Palmolive Company (NYSE:CL) JPMorgan 15th Annual U.S. All Stars Conference September 17, 2024 6:00 AM ET Company Participants Maria Paula Capuzzo - President, Africa/Eurasia John Faucher - Chief Investor Relations Officer and EVP, M&A Conference Call Participants Andrea Teixeira - JP Morgan Andrea Teixeira Good morning, everyone. I'm Andrea Teixeira, I lead the coverage for U.S. Household and Personal Care, including Beauty, including Colgate, as well as beverages for JPMorgan Equity Research. It's ...

Colgate-Palmolive Company (NYSE:CL) JPMorgan 15th Annual U.S. All Stars Conference September 17, 2024 6:00 AM ET Company Participants Maria Paula Capuzzo - President, Africa/Eurasia John Faucher - Chief Investor Relations Officer and EVP, M&A Conference Call Participants Andrea Teixeira - JP Morgan Andrea Teixeira Good morning, everyone. I'm Andrea Teixeira, I lead the coverage for U.S. Household and Personal Care, including Beauty, including Colgate, as well as beverages for JPMorgan Equity Research. It's ...

Group 1: Colgate-Palmolive Co. (CL) - Colgate-Palmolive reported a net sales increase of 4.9% and a diluted EPS surge of 48% in the latest quarter, with profit margin growing by 280 basis points [2][4] - The company has a strong dividend history, with a 62-year track record of increasing dividends and a 3-year annualized dividend growth of nearly 3% [4] - Full-year net sales growth is expected to be between 2% and 5%, with double-digit EPS growth and continued gross profit margin expansion forecasted [3][4] Group 2: PG&E Corp. (PCG) - PG&E has a market capitalization of approximately $57 billion and is a major player in the California utilities market, with nearly 9% earnings growth forecasted for the upcoming report [5][7] - The stock has increased by 16% over the past year, reflecting its operational growth despite facing backlash for recent price hikes approved by the California Public Utilities Commission [5][7] - The regulatory landscape for utilities could change significantly depending on the outcome of the upcoming November election, which may impact PG&E's operations [7] Group 3: Sysco Corp. (SYY) - Sysco has a forward P/E ratio of 16.7, lower than many competitors, and boasts a return on equity exceeding 102%, indicating efficient returns relative to shareholder equity [8][9] - The stock has risen by 10% in the last year, with analysts projecting at least another 10% upside potential based on an average price target of $85.27, supported by an earnings beat and projected 8% earnings growth [9] - Sysco has a 56-year trend of increasing dividends, which is expected to continue due to improved cash flows [9]

UKRAINE - 2021/06/30: In this photo illustration, Colgate Toothpaste seen displayed in a store. ... [+] (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Colgate-Palmolive stock (NYSE: CL) has gained 40% in value since early January 2023 – jumping from levels of around $75 then to over $105 now – vs. an increase of about 45% for the S&P 500 over this period. This can primarily be attributed to a 26% rise in the stock's P/S ratio from 3.5 ...

Core Insights - Colgate-Palmolive Company has shown steady growth driven by strong leadership in the oral care market and science-driven innovations [1][5] - The stock reached a 52-week high of $109.30 on September 5, 2024, and is currently trading at $107.86, reflecting a 59.5% premium from its 52-week low [1] - Colgate's stock has increased by 45.8% over the past year, outperforming the broader industry and S&P 500 index [1] Financial Performance - The company expects net sales growth of 2-5% for 2024, with organic sales growth anticipated at 6-8%, an increase from the previous forecast of 5-7% [7] - The Zacks Consensus Estimate for Colgate's 2024 sales and EPS implies year-over-year growth of 3.9% and 10.5%, respectively [8] - Colgate is trading at a forward 12-month P/E multiple of 28.52X, higher than the industry average of 24.13X and the S&P 500's average of 20.68X [9] Business Strategy - Colgate's strategy focuses on strengthening its leadership in key product categories through innovation and expansion into new markets [5] - The company is expanding its Naturals range in response to consumer preferences for organic ingredients and has acquired Hello Products LLC to enhance its market position [6] - Colgate has also expanded its premium skincare portfolio with the acquisition of the Filorga skincare brand, resulting in significant market share gains [6] Market Conditions - Colgate faces challenges from ongoing inflationary pressures, rising raw material costs, and foreign currency fluctuations impacting profitability [12] - The company's sales outlook for 2024 includes a mid-single-digit negative impact from currency fluctuations, particularly from the Mexican peso and Brazilian real [12]

Colgate-Palmolive Company (NYSE:CL) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 10:30 AM ET Company Participants Noel Wallace - Chief Executive Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman We're going to get started. Next up this morning, I'm pleased to welcome Colgate-Palmolive's CEO, Noel Wallace, to the stage. Over the past few years, at our conference, Colgate has highlighted the capabilities that has been building that has enabled the C ...

Colgate-Palmolive Company (NYSE:CL) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 10:30 AM ET Company Participants Noel Wallace - Chief Executive Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman We're going to get started. Next up this morning, I'm pleased to welcome Colgate-Palmolive's CEO, Noel Wallace, to the stage. Over the past few years, at our conference, Colgate has highlighted the capabilities that has been building that has enabled the C ...

Core Insights - Colgate-Palmolive Company is experiencing strong performance due to effective business strategies, including robust pricing and productivity initiatives, which have led to a year-to-date share price increase of 29.8% compared to the industry's 19.5% growth [1] Business Strategy - The company's innovation strategy focuses on expanding into adjacent categories and enhancing its Oral Care portfolio through premium products, such as CO. by Colgate and Colgate Elixir toothpaste, which have shown strong market performance [2] - Colgate is expanding its Naturals and Therapeutics divisions and has acquired Hello Products LLC, contributing to market share growth in its Hill's Science Diet and Hill's Prescription Diet [2] Financial Performance - Colgate's gross profit margin improved by 300 basis points to 60.8% on an adjusted basis in Q2 2024, with adjusted earnings increasing by 18% year over year [3] - The company has implemented aggressive pricing strategies, resulting in a 4.2% year-over-year pricing improvement across all divisions, except North America [3] Future Outlook - Management anticipates continued gross profit margin expansion driven by pricing gains and revenue growth management initiatives, with adjusted earnings per share expected to rise by 8-11% in 2024 [4] - The Zacks Consensus Estimate for 2024 sales and earnings per share is projected at $20.2 billion and $3.57, indicating growth of 3.9% and 10.5%, respectively [5] Shareholder Initiatives - Colgate is committed to shareholder returns through share buybacks and consistent dividend payouts, having paid uninterrupted dividends since 1895 [4]