Clorox Company (The) (NYSE:CLX) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.52-5.72 for the period, compared to the Thomson Reuters consensus estimate of $5.69. The company issued revenue guidance of +2-4% to ~$6.09-6.21 billion, compared to the consensus revenue estimate of $6.16 billion.
A number of research firms have recently weighed in on CLX. Vetr lowered Clorox Company (The) from a buy rating to a hold rating and set a $139.67 price objective on the stock. in a research report on Tuesday, April 18th. Jefferies Group LLC began coverage on Clorox Company (The) in a research report on Tuesday, April 18th. They set a hold rating and a $138.00 price objective on the stock. Royal Bank Of Canada set a $115.00 price objective on Clorox Company (The) and gave the stock a hold rating in a research report on Monday, April 24th. BMO Capital Markets set a $150.00 price objective on Clorox Company (The) and gave the stock a buy rating in a research report on Thursday. Finally, Barclays PLC cut their price objective on Clorox Company (The) from $140.00 to $136.00 and set an equal weight rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $129.19.
Shares of Clorox Company (NYSE:CLX) traded down 0.18% during trading on Friday, hitting $134.49. 750,794 shares of the company were exchanged. Clorox Company has a 12 month low of $111.24 and a 12 month high of $141.76. The company’s 50-day moving average price is $134.79 and its 200 day moving average price is $133.07. The stock has a market cap of $17.32 billion, a P/E ratio of 26.57 and a beta of 0.40.
Clorox Company (The) (NYSE:CLX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.04. Clorox Company (The) had a net margin of 11.22% and a return on equity of 215.99%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts predict that Clorox Company will post $5.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Wednesday, July 19th will be given a $0.84 dividend. The ex-dividend date of this dividend is Monday, July 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.50%. This is an increase from Clorox Company (The)’s previous quarterly dividend of $0.80. Clorox Company (The)’s payout ratio is presently 66.27%.
Clorox Company (The) Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
Receive News & Ratings for Clorox Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
