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- 1 Colgate-Palmolive Company stock lost $1.32 on July 10, 2023.
- 2 CL stock prices slipped 1.50% weekly, but surged around 0.50% monthly.
Colgate-Palmolive Company (NYSE: CL) stock lost $1.32 on July 10, 2023, compared to the last trading session. It opened trading at $75.92, lowering to $75.53, hit a high of $75.96, and by the end, it closed trading at $75.59 with an intraday trading volume of 90.782K.
In the weekly time frame, CL stock prices slipped around 1.50% of its trading regardless of the monthly price, reflecting a minute 0.50% profit. As per technical indicators of TradingView, the ongoing movement of CL stock suggests selling.
Market watchers and dozens of analysts believe that in the coming time, CL stock might reflect an unusual upper movement and holding the stock at the time will ultimately help investors make more profit.
As per the pre-market prices, it was assumed that on July 10, Colgate-Palmolive Company stock might open 0.56% above the last closing prices. CL stock was trading at $76.01 in the pre-market session.
In the 52-week trading session, CL stock’s highest trading was at $83.81, and its lowest trading price was at $67.84. The annual price target of CL stock is $85.61, which is around 13.25% greater than the current trading price.
Colgate-Palmolive Company’s Earnings & Revenue
In Q1 2023, Colgate-Palmolive Company generated 3.98% more revenue than its estimated figures. It was assumed the company might report $4.59 Billion in revenue, but by surpassing the figures, it reported $4.77 Billion.
CL’s earnings per share has also shown a 4.28% surge compared to the estimated figures. The estimated EPS for Q2 and Q3 are $0.74 and $0.80. Moreover, the estimated revenue for Q2 and Q3 is $ 4.69 Billion and $4.78 Billion.
TradingView data notes 828.391 Million CL shares are free-floating, and the company’s financial backers closely hold the remaining 1.177 Million shares, the board of directors, or both.
The revenue-to-profit conversion of Colgate-Palmolive Company includes 56% of gross profit, 23% of Earnings before interest, taxes, depreciation, and amortization (EBITDA), 20% of Earnings before interest and taxes (EBIT), and 10% of net income.
Colgate-Palmolive Company revenue is generated from oral, personal, home care, and pet nutrition. One of the most popular products of Colgate is its toothpaste which is sold in almost every region globally.
The company sells its products in the United States, Latin America, Asia- Pacific, Europe, Africa, North America, and Eurasia, including other regions over the globe. In 2022, Colgate gathered $14.25 Billion from oral, personal, and home care, and the remaining $3.17 Billion from pet nutrition.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
