Clorox Company (The) (NYSE:CLX) posted its quarterly earnings data on Wednesday. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS.
Shares of Clorox Company (NYSE:CLX) traded up 1.27% during midday trading on Wednesday, hitting $128.14. The stock had a trading volume of 1,192,023 shares. Clorox Company has a 52 week low of $111.24 and a 52 week high of $141.76. The stock has a market cap of $16.54 billion, a PE ratio of 24.02 and a beta of 0.39. The stock has a 50-day moving average of $130.69 and a 200 day moving average of $133.82.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 25th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $3.36 dividend on an annualized basis and a yield of 2.66%. Clorox Company (The)’s dividend payout ratio (DPR) is 63.04%.
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In related news, EVP James E. Foster sold 9,861 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total value of $1,365,847.11. Following the sale, the executive vice president now directly owns 22,069 shares of the company’s stock, valued at approximately $3,056,777.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Dawn C. Willoughby sold 2,158 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $297,804.00. The disclosure for this sale can be found here. Insiders sold a total of 21,242 shares of company stock worth $2,944,449 over the last ninety days. 1.00% of the stock is currently owned by insiders.
Several analysts have recently commented on CLX shares. Zacks Investment Research cut Clorox Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut Clorox Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $132.00 price objective (down from $137.00) on shares of Clorox Company (The) in a report on Friday, October 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $137.00 price objective (up from $126.00) on shares of Clorox Company (The) in a report on Saturday, July 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price objective on shares of Clorox Company (The) in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Clorox Company (The) presently has a consensus rating of “Hold” and a consensus target price of $127.39.
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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