Wall Street analysts expect Clorox Co (NYSE:CLX) to report $1.51 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Clorox’s earnings. The lowest sales estimate is $1.50 billion and the highest is $1.52 billion. Clorox reported sales of $1.48 billion during the same quarter last year, which indicates a positive year over year growth rate of 2%. The company is expected to issue its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Clorox will report full-year sales of $1.51 billion for the current year, with estimates ranging from $6.11 billion to $6.14 billion. For the next fiscal year, analysts expect that the business will post sales of $6.30 billion per share, with estimates ranging from $6.26 billion to $6.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Clorox.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.
A number of equities analysts have commented on the stock. Argus cut shares of Clorox from a “buy” rating to a “hold” rating and cut their price target for the stock from $150.40 to $127.81 in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Clorox from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research report on Tuesday, February 6th. BMO Capital Markets set a $147.00 price objective on shares of Clorox and gave the stock a “buy” rating in a report on Monday, February 5th. Bank of America decreased their price objective on shares of Clorox from $155.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Morgan Stanley decreased their price target on shares of Clorox from $140.00 to $133.00 and set an “equal weight” rating for the company in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Clorox presently has a consensus rating of “Hold” and a consensus price target of $132.46.
In other news, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the transaction, the senior vice president now owns 34,867 shares in the company, valued at $4,742,260.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in Clorox by 0.8% in the 2nd quarter. FMR LLC now owns 106,828 shares of the company’s stock worth $14,234,000 after purchasing an additional 879 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Clorox during the 2nd quarter valued at approximately $251,000. Assenagon Asset Management S.A. acquired a new position in Clorox in the 3rd quarter valued at $233,000. Fisher Asset Management LLC raised its stake in Clorox by 343.9% in the 3rd quarter. Fisher Asset Management LLC now owns 11,227 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,698 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in Clorox in the 3rd quarter valued at $284,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.
Shares of Clorox (NYSE CLX) opened at $126.29 on Thursday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.86 and a current ratio of 1.22. Clorox has a twelve month low of $124.09 and a twelve month high of $150.40. The firm has a market cap of $16,664.65, a P/E ratio of 23.29, a P/E/G ratio of 2.41 and a beta of 0.31.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Wednesday, April 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, April 24th. This is an increase from Clorox’s previous quarterly dividend of $0.84. This represents a $3.84 dividend on an annualized basis and a yield of 3.04%. Clorox’s payout ratio is currently 55.45%.
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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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