Colgate-Palmolive falls to a 22-month low as earnings approach

[Emerging Financial Data - Stock Market, Prosperity, Bull Market - Blue Version]
DKosig

Colgate-Palmolive Company (NYSE:CL [https://seekingalpha.com/symbol/CL]) shed 1.2% in Monday afternoon trading as it extended its long downward share price trek. The household products stock is now down more than 30% since peaking at $108.77 on September 4, 2024.

Despite the lack of momentum, Wall Street analysts and Seeking Alpha analysts have a consensus Buy rating on the stock. The defensive stock is widely called attractive due to Colgate-Palmolive's (NYSE:CL [https://seekingalpha.com/symbol/CL]) ability to deliver consistent profit streams and steady dividend payout growth. The main concern from investors has been the sluggish organic sales growth and concerns about the impact of foreign currency swings.

Colgate-Palmolive (CL [https://seekingalpha.com/symbol/CL]) is expected to report during the last week of October or the first few days of November. The California-based company has topped EPS estimates in thirteen straight quarters.

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