Equities analysts forecast that The Clorox Company (NYSE:CLX) will announce $1.30 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for The Clorox’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.28. The Clorox reported earnings per share of $1.31 in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that The Clorox will report full-year earnings of $6.19 per share for the current fiscal year, with EPS estimates ranging from $6.10 to $6.28. For the next fiscal year, analysts anticipate that the business will report earnings of $6.47 per share, with EPS estimates ranging from $6.14 to $6.63. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow The Clorox.
The Clorox (NYSE:CLX) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.01. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. The Clorox had a return on equity of 126.70% and a net margin of 13.21%. The Clorox’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share.
A number of analysts recently commented on the company. Zacks Investment Research lowered The Clorox from a “hold” rating to a “sell” rating in a report on Monday, April 9th. Barclays set a $131.00 target price on The Clorox and gave the company a “hold” rating in a research note on Friday, April 6th. Morgan Stanley lowered their target price on The Clorox from $133.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. BMO Capital Markets set a $147.00 target price on The Clorox and gave the company a “buy” rating in a research note on Thursday, March 29th. Finally, JPMorgan Chase restated a “neutral” rating and issued a $138.00 target price (down from $139.00) on shares of The Clorox in a research note on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $136.19.
Large investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC bought a new stake in shares of The Clorox during the 3rd quarter valued at $1,477,000. Allianz Asset Management GmbH raised its stake in shares of The Clorox by 417.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock valued at $8,425,000 after purchasing an additional 51,534 shares during the period. Jensen Investment Management Inc. raised its stake in shares of The Clorox by 12.1% during the 4th quarter. Jensen Investment Management Inc. now owns 40,960 shares of the company’s stock valued at $6,092,000 after purchasing an additional 4,435 shares during the period. Spearhead Capital Advisors LLC bought a new stake in shares of The Clorox during the 4th quarter valued at $2,846,000. Finally, Advisor Group Inc. raised its stake in shares of The Clorox by 26.8% during the 4th quarter. Advisor Group Inc. now owns 48,896 shares of the company’s stock valued at $7,276,000 after purchasing an additional 10,335 shares during the period. Institutional investors own 75.63% of the company’s stock.
The Clorox stock traded down $0.60 during mid-day trading on Thursday, reaching $126.57. 414,333 shares of the company’s stock were exchanged, compared to its average volume of 1,088,418. The firm has a market capitalization of $16,244.08, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.35. The Clorox has a one year low of $123.64 and a one year high of $150.40. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 2.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Wednesday, April 25th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from The Clorox’s previous quarterly dividend of $0.84. The ex-dividend date is Tuesday, April 24th. The Clorox’s payout ratio is presently 62.80%.
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About The Clorox
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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