Colgate (CL, Financial) stock saw a significant increase of 1.45%, bringing its share price to $100.00, with a trading volume of 2.378 million shares and a turnover rate of 0.29%. The stock exhibited a volatility of 2.17% during this period.
Recent financial results indicated that Colgate achieved $5.058 billion in revenue, with a net profit of $731 million, resulting in earnings per share of $0.89. The company's gross profit stood at $3.069 billion, and it had a price-to-earnings ratio of 29.15.
Among the 25 institutions that rated the stock, 56% recommended buying, 36% suggested holding, and 8% advised selling. Within the personal care industry, where Colgate operates, the sector witnessed a decline of 1.17%. However, Colgate, along with companies like Waldencast Plc and E.L.F. Beauty, Inc., experienced notable gains.
Colgate-Palmolive, founded in 1806, is a leading global consumer products company. While best known for its oral care products, the company also manufactures shampoos, body washes, deodorants, and household care items, distributed in over 200 countries. A significant portion of its sales, approximately 70%, comes from international markets, with 45% from emerging regions. Additionally, it owns Hill’s, a specialty pet food producer that sells through veterinarians and specialty pet retailers.
