Analysts Anticipate Clorox Company (The) (NYSE:CLX) Will Announce Earnings of $1.49 Per Share

Wall Street analysts expect Clorox Company (The) (NYSE:CLX) to report earnings of $1.49 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Clorox Company (The)’s earnings, with the lowest EPS estimate coming in at $1.47 and the highest estimate coming in at $1.51. Clorox Company (The) reported earnings of $1.26 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, August 3rd.

According to Zacks, analysts expect that Clorox Company (The) will report full-year earnings of $5.31 per share for the current year, with EPS estimates ranging from $5.27 to $5.35. For the next fiscal year, analysts expect that the firm will report earnings of $5.69 per share, with EPS estimates ranging from $5.64 to $5.76. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Clorox Company (The).

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. Clorox Company (The) had a net margin of 11.22% and a return on equity of 215.99%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $1.21 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year.

CLX has been the topic of several analyst reports. Vetr raised Clorox Company (The) from a “hold” rating to a “buy” rating and set a $139.67 target price on the stock in a report on Monday, April 24th. Zacks Investment Research raised Clorox Company (The) from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Wednesday, April 5th. BMO Capital Markets reissued a “buy” rating and set a $136.00 target price on shares of Clorox Company (The) in a report on Thursday, May 4th. Jefferies Group LLC set a $138.00 target price on Clorox Company (The) and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada set a $115.00 target price on Clorox Company (The) and gave the stock a “hold” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $128.26.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Clorox Company (The) by 4.8% in the first quarter. Vanguard Group Inc. now owns 14,164,716 shares of the company’s stock valued at $1,909,829,000 after buying an additional 649,766 shares in the last quarter. BlackRock Inc. increased its position in Clorox Company (The) by 1,402.2% in the first quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock valued at $1,400,912,000 after buying an additional 9,698,542 shares in the last quarter. State Street Corp increased its position in Clorox Company (The) by 2.2% in the first quarter. State Street Corp now owns 7,648,999 shares of the company’s stock valued at $1,031,304,000 after buying an additional 167,689 shares in the last quarter. Parnassus Investments CA purchased a new position in Clorox Company (The) during the first quarter valued at approximately $434,255,000. Finally, Valueinvest Asset Management S.A. increased its position in Clorox Company (The) by 6.9% in the first quarter. Valueinvest Asset Management S.A. now owns 1,580,400 shares of the company’s stock valued at $213,085,000 after buying an additional 102,300 shares in the last quarter. Hedge funds and other institutional investors own 70.75% of the company’s stock.

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Clorox Company (NYSE:CLX) traded up 0.43% during midday trading on Friday, reaching $131.63. 184,147 shares of the company’s stock were exchanged. The company has a market cap of $16.95 billion, a P/E ratio of 26.00 and a beta of 0.40. Clorox Company has a 12 month low of $111.24 and a 12 month high of $141.76. The company has a 50 day moving average price of $135.88 and a 200 day moving average price of $130.94.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Wednesday, July 19th will be given a $0.84 dividend. The ex-dividend date is Monday, July 17th. This is an increase from Clorox Company (The)’s previous quarterly dividend of $0.80. This represents a $3.36 annualized dividend and a yield of 2.55%. Clorox Company (The)’s dividend payout ratio (DPR) is currently 63.12%.

About Clorox Company (The)

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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Earnings History and Estimates for Clorox Company (The) (NYSE:CLX)

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