Clorox Company (The) (CLX) to Release Earnings on Wednesday
Clorox Company (The) (NYSE:CLX) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Clorox Company (The) to post 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 earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.04. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Clorox Company (The) to post $5.6 EPS for the current fiscal year and $5.93 EPS for the next fiscal year.
Clorox Company (NYSE CLX) opened at 127.21 on Wednesday. The stock has a market capitalization of $16.42 billion, a P/E ratio of 23.84 and a beta of 0.39. Clorox Company has a 52-week low of $111.24 and a 52-week high of $141.76. The company’s 50-day moving average price is $131.97 and its 200 day moving average price is $134.08.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 25th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $3.36 dividend on an annualized basis and a yield of 2.64%. Clorox Company (The)’s payout ratio is 63.04%.
A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Clorox Company (The) in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and set a $137.00 price objective (up previously from $136.00) on shares of Clorox Company (The) in a research report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and set a $136.00 price objective (down previously from $140.00) on shares of Clorox Company (The) in a research report on Friday, August 4th. BidaskClub cut Clorox Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research raised Clorox Company (The) from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Clorox Company (The) currently has a consensus rating of “Hold” and an average target price of $127.39.
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In other 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 value of $297,804.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James E. Foster sold 9,861 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total value of $1,365,847.11. Following the completion of the sale, the executive vice president now owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,242 shares of company stock worth $2,944,449. Corporate insiders own 1.00% of the company’s stock.
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.
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