CL Stock Recent News

While the top- and bottom-line numbers for Colgate-Palmolive (CL) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The consumer products company lifts its net sales growth guidance for the year to 2% to 5%.

Colgate-Palmolive Co.'s stock CL, +0.47% rose 2.9% early Friday, after the consumer goods giant beat first-quarter earnings estimates and raised its guidance. The company had net income of $683 million, or 83 cents a share, for the first quarter, up from $372 million, or 45 cents a share, in the year-earlier period.

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Colgate's (CL) first-quarter 2024 performance is likely to gain from solid consumer demand and efforts related to innovation, premiumization and digital transformation.

Colgate's (CL) aggressive pricing actions, along with solid business momentum, supported by robust consumer demand and innovation, should craft its successful earnings story.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Colgate-Palmolive (CL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Colgate-Palmolive has been growing revenues and managing the challenging economic environment well with strong earnings growth. The company offers stability and reliability in a volatile market, with a wide portfolio of products that people buy regardless of market conditions. The dividend growth has been weak, but the company remains a reliable source of dividend income with over 60 years of consecutive raises.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Colgate-Palmolive (CL) have what it takes?