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

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

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

Several other equities analysts have also weighed in on the stock. UBS Group decreased their target price on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday. Evercore ISI reduced their price objective on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $160.00 price target on shares of Clorox in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reduced their target price on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on shares of Clorox in a report on Friday, March 1st. They issued a “sell” rating and a $140.00 target price on the stock. Four investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $146.43.

Clorox Trading Down 1.0 %

CLX opened at $138.23 on Friday. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.57. The company’s 50 day simple moving average is $148.74 and its two-hundred day simple moving average is $143.08. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 71.62, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. Clorox has a 1-year low of $114.68 and a 1-year high of $176.24.

Institutional Trading of Clorox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its position in Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 145 shares during the last quarter. Northwest Financial Advisors purchased a new position in Clorox in the fourth quarter valued at about $29,000. GoalVest Advisory LLC acquired a new stake in shares of Clorox during the 1st quarter valued at approximately $31,000. Core Wealth Advisors Inc. acquired a new stake in Clorox in the fourth quarter valued at $29,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Clorox in the 4th quarter worth about $29,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Dividend Announcement

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

About Clorox

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.