The Clorox Company Expected to Post FY2024 Earnings of $5.25 Per Share (NYSE:CLX)

The Clorox Company (NYSE:CLX) – Research analysts at DA Davidson issued their FY2024 EPS estimates for Clorox in a note issued to investors on Wednesday, May 1st. DA Davidson analyst L. Weiser forecasts that the company will post earnings of $5.25 per share for the year. DA Davidson currently has a “Neutral” rating and a $162.00 target price on the stock. The consensus estimate for Clorox’s current full-year earnings is $5.85 per share.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company cut their price objective on Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Clorox in a research report on Friday, March 1st. They set a “sell” rating and a $140.00 price target on the stock. Jefferies Financial Group raised shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price on the stock in a research note on Tuesday, March 26th. JPMorgan Chase & Co. decreased their price target on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, UBS Group cut their price objective on Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $146.43.

Clorox Price Performance

Shares of Clorox stock opened at $138.23 on Friday. The business’s fifty day moving average price is $148.74 and its 200 day moving average price is $143.08. Clorox has a twelve month low of $114.68 and a twelve month high of $176.24. The company has a current ratio of 0.90, a quick ratio of 0.57 and a debt-to-equity ratio of 9.73. The stock has a market capitalization of $17.17 billion, a P/E ratio of 71.62, a PEG ratio of 2.08 and a beta of 0.44.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. Clorox’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share.

Hedge Funds Weigh In On Clorox

Several large investors have recently modified their holdings of CLX. Fortitude Family Office LLC bought a new position in shares of Clorox during the fourth quarter worth about $29,000. Venturi Wealth Management LLC grew its stake in shares of Clorox by 308.5% in the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 145 shares during the last quarter. Northwest Financial Advisors bought a new stake in shares of Clorox in the 4th quarter worth approximately $29,000. Core Wealth Advisors Inc. acquired a new stake in shares of Clorox during the 4th quarter valued at $29,000. Finally, First United Bank & Trust purchased a new position in shares of Clorox in the fourth quarter worth approximately $31,000. Institutional investors own 78.53% of the company’s stock.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s payout ratio is currently 248.70%.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.