Clorox (NYSE:CLX) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $6.30-6.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.29. The company issued revenue guidance of $6.214-6.33828 billion, compared to the consensus revenue estimate of $6.27 billion.Clorox also updated its FY20 guidance to 6.30-6.50 EPS.
A number of analysts have recently commented on the company. Deutsche Bank raised Clorox from a sell rating to a hold rating and set a $139.00 price target on the stock in a research note on Thursday, May 2nd. Morgan Stanley lifted their price objective on Clorox from $141.00 to $144.00 and gave the stock an underweight rating in a research note on Friday. Citigroup set a $156.00 price objective on Clorox and gave the stock a hold rating in a research note on Thursday, May 23rd. Zacks Investment Research raised Clorox from a sell rating to a hold rating and set a $175.00 price objective on the stock in a research note on Monday, July 29th. Finally, Bank of America reaffirmed a neutral rating and issued a $154.00 price objective (down from $165.00) on shares of Clorox in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $154.07.
Shares of Clorox stock traded up $0.76 during midday trading on Friday, reaching $156.90. The company had a trading volume of 1,321,361 shares, compared to its average volume of 971,180. The stock’s fifty day moving average is $157.77. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 4.09. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 4.57 and a beta of 0.36. Clorox has a fifty-two week low of $139.26 and a fifty-two week high of $167.70.
Clorox (NYSE:CLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.04. Clorox had a return on equity of 118.88% and a net margin of 13.20%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts forecast that Clorox will post 6.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 31st will be paid a $1.06 dividend. The ex-dividend date is Tuesday, July 30th. This is a positive change from Clorox’s previous quarterly dividend of $0.96. This represents a $4.24 annualized dividend and a yield of 2.70%. Clorox’s payout ratio is 67.09%.
In other Clorox news, SVP Denise Garner sold 20,399 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $157.61, for a total value of $3,215,086.39. Following the transaction, the senior vice president now directly owns 4,896 shares of the company’s stock, valued at $771,658.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
Read More: What is the Current Ratio?
Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.