Clorox (CLX) Set to Announce Quarterly Earnings on Thursday
Clorox (NYSE:CLX) is scheduled to be issuing its Q114 quarterly earnings data on Thursday, October 31st. Analysts expect the company to announce earnings of $1.01 per share and revenue of $1.35 billion for the quarter. Clorox has set its FY14 guidance at $4.55-4.70 EPS.
Clorox (NYSE:CLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts expect Clorox to post $4.58 EPS for the current fiscal year and $4.89 EPS for the next fiscal year.
Clorox (NYSE:CLX) traded down 0.19% on Wednesday, hitting $90.34. The stock had a trading volume of 1,432,331 shares. Clorox has a 1-year low of $69.67 and a 1-year high of $90.10. The stock has a 50-day moving average of $84.33 and a 200-day moving average of $85.34. The company has a market cap of $11.783 billion and a P/E ratio of 21.07.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, October 28th.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Clorox from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, October 17th. They now have a $83.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “hold” rating on shares of Clorox in a research note to investors on Monday, October 7th. They now have a $91.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Clorox from $85.00 to $90.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.20.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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