Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

COLGATE-PALMOLIVE COMPANY

(CL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Colgate-Palmolive Posts Higher 1Q Revenue, Expanding on Pandemic Growth

04/30/2021 | 07:26am EDT

By Matt Grossman

Colgate-Palmolive Co. on Friday logged a first-quarter profit and higher sales year over year as the company built on revenue gains it logged in last year's first quarter during the early stages of the Covid-19 pandemic.

The New York City-based consumer-products company posted earnings of 80 cents a share, down from 83 cents a share a year earlier. Net income attributable to the company was $681 million, down from $715 million one year earlier.

After stripping out one-time items, Colgate's adjusted earnings were also 80 cents a share. Analysts surveyed by FactSet had forecast an adjusted profit of 79 cents a share.

Sales grew to $4.34 billion, from $4.1 billion in last year's first quarter. Analysts were expecting revenue of $4.27 billion.

North American sales fell by 0.5%, but sales grew by single-digit percentages in Latin America and Europe and by double-digit percentages in the Asia-Pacific region and in Africa and Eurasia.

Chairman and Chief Executive Noel Wallace noted that the company's 6% overall sales growth came despite a difficult comparison to intensive consumer stocking-up behavior during the initial phase of the Covid-19 pandemic.

Looking ahead, Colgate said it expects net sales to grow by 4% to 7% year over year in 2021, and that its adjusted profit would increase by a percentage in the middle- to high-single digits on a per-share basis.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

04-30-21 0725ET

All news about COLGATE-PALMOLIVE COMPANY
05/07INSIDER TRENDS : 90-Day Insider Selling Trend Prolonged at Colgate Palmolive
MT
05/05ETF OVERVIEW  : Travel, biotechs and pets
05/03COLGATE PALMOLIVE  : JPMorgan Adjusts Price Target for Colgate-Palmolive Company..
MT
05/03COLGATE PALMOLIVE  : Deutsche Bank Adjusts Price Target for Colgate-Palmolive to..
MT
04/30COLGATE PALMOLIVE  : Results of Operations and Financial Condition, Financial St..
AQ
04/30COLGATE PALMOLIVE  : Tops Expectations With First-Quarter Results as Guidance Re..
MT
04/30COLGATE PALMOLIVE  : Three Months Ended March 31, 2021 and 2020
PU
04/30COLGATE PALMOLIVE  : Condensed Consolidated Statements of Cash Flows For the Thr..
PU
04/30COLGATE PALMOLIVE  : Geographic Sales Analysis Percentage Changes For the Three ..
PU
04/30Today on Wall Street: A quiet end to April
More news
Financials (USD)
Sales 2021 17 416 M - -
Net income 2021 2 766 M - -
Net Debt 2021 6 626 M - -
P/E ratio 2021 25,2x
Yield 2021 2,24%
Capitalization 69 522 M 69 522 M -
EV / Sales 2021 4,37x
EV / Sales 2022 4,19x
Nbr of Employees 34 200
Free-Float 57,6%
Chart COLGATE-PALMOLIVE COMPANY
Duration : Period :
Colgate-Palmolive Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COLGATE-PALMOLIVE COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 85,74 $
Last Close Price 82,18 $
Spread / Highest target 20,5%
Spread / Average Target 4,33%
Spread / Lowest Target -12,4%
EPS Revisions
Managers and Directors
NameTitle
Noel R. Wallace Chairman, President & Chief Executive Officer
Stanley J. Sutula Chief Financial Officer
Michael Crowe Chief Information Officer
Patricia D. Verduin Chief Technology Officer
Lia Arvanitidou Vice President-Global Research & Development
Sector and Competitors
1st jan.Capitalization (M$)
COLGATE-PALMOLIVE COMPANY-3.74%69 522
PROCTER & GAMBLE COMPANY-2.87%330 879
UNILEVER PLC-2.71%156 762
THE ESTÉE LAUDER COMPANIES INC.13.96%109 968
HINDUSTAN UNILEVER LIMITED0.81%77 393
RECKITT BENCKISER GROUP PLC-2.86%63 412