Clorox Company (The) (NYSE:CLX) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Clorox Company (The) has set its FY18 guidance at $5.52-5.72 EPS.
Clorox Company (The) (NYSE:CLX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. Clorox Company (The)’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. On average, analysts expect Clorox Company (The) to post $5.61 EPS for the current fiscal year and $5.94 EPS for the next fiscal year.
Shares of Clorox Company (NYSE:CLX) opened at 125.32 on Tuesday. The stock’s 50 day moving average price is $130.93 and its 200-day moving average price is $133.87. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 23.49 and a beta of 0.40. Clorox Company has a 52-week low of $111.24 and a 52-week high of $141.76.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 25th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.68%. Clorox Company (The)’s dividend payout ratio (DPR) is presently 63.04%.
Several equities research analysts recently commented on CLX shares. Jefferies Group LLC restated a “hold” rating and set a $137.00 target price (up previously from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Clorox Company (The) in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Clorox Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub lowered Clorox Company (The) from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Clorox Company (The) in a research report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $127.39.
In related news, COO Dawn C. Willoughby sold 2,158 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $297,804.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jon M. Balousek sold 9,223 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $138.87, for a total value of $1,280,798.01. Following the transaction, the senior vice president now directly owns 20,614 shares in the company, valued at $2,862,666.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,242 shares of company stock worth $2,944,449. 1.00% of the stock is owned by company insiders.
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About Clorox Company (The)
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.
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