Colgate-Palmolive Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Colgate-Palmolive Company CL will release earnings results for its third quarter, before the opening bell on Friday, Oct. 25.

Analysts expect the New York-based company to report quarterly earnings at 88 cents per share, compared to 86 cents per share in the year-ago period. Colgate-Palmolive projects to report revenue of $5 billion for the quarter, according to data from Benzinga Pro.

On Sept. 12, the company's board declared a quarterly cash dividend of 50 cents per common share.

Colgate-Palmolive shares gained 0.8% to close at $99.74 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Andrea Teixeira maintained an Overweight rating and raised the price target from $113 to $114 on Oct. 11. This analyst has an accuracy rate of 61%.
• Wells Fargo analyst Chris Carey downgraded the stock from Equal-Weight to Underweight with a price target of $100 on Sept. 16. This analyst has an accuracy rate of 66%.
• Deutsche Bank analyst Steve Powers downgraded the stock from Buy to Hold and raised the price target from $107 to $109 on Sept. 9. This analyst has an accuracy rate of 68%.
• TD Cowen analyst Robert Moskow maintained a Buy rating and raised the price target from $110 to $115 on July 30. This analyst has an accuracy rate of 67%.
• Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and raised the price target from $103 to $111 on July 29. This analyst has an accuracy rate of 72%.

Considering buying CL stock? Here’s what analysts think:

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