Clorox (NYSE:CLX) Issues Quarterly Earnings Results

Clorox (NYSE:CLXGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.50, Briefing.com reports. Clorox had a net margin of 3.95% and a return on equity of 281.12%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was up 27.0% compared to the same quarter last year. Clorox updated its FY25 guidance to $6.65-$6.90 EPS and its FY 2025 guidance to 6.650-6.900 EPS.

Clorox Stock Performance

NYSE CLX traded up $4.11 during trading on Thursday, reaching $160.62. The company’s stock had a trading volume of 1,792,168 shares, compared to its average volume of 1,229,622. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The firm has a market capitalization of $19.95 billion, a price-to-earnings ratio of 81.12, a price-to-earnings-growth ratio of 3.19 and a beta of 0.41. Clorox has a 12 month low of $114.68 and a 12 month high of $169.09. The firm has a 50 day moving average price of $161.14 and a 200 day moving average price of $145.90.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, October 23rd. Clorox’s dividend payout ratio is currently 252.85%.

Wall Street Analysts Forecast Growth

CLX has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Clorox from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $174.00 to $187.00 in a research note on Tuesday, October 1st. DA Davidson restated a “neutral” rating and set a $153.00 price objective on shares of Clorox in a research note on Friday, September 6th. Barclays boosted their price objective on shares of Clorox from $130.00 to $137.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. TD Cowen initiated coverage on shares of Clorox in a research note on Tuesday, July 23rd. They set a “sell” rating and a $122.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $150.14.

Read Our Latest Stock Report on Clorox

Insider Buying and Selling at Clorox

In other Clorox news, EVP Angela C. Hilt sold 1,733 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the completion of the sale, the executive vice president now owns 13,471 shares of the company’s stock, valued at $2,229,719.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.51% of the company’s stock.

Clorox Company Profile

(Get Free Report)

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.

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Earnings History for Clorox (NYSE:CLX)

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