Clorox Co (NYSE:CLX) – Equities research analysts at KeyCorp boosted their Q3 2018 earnings per share (EPS) estimates for Clorox in a research note issued to investors on Sunday. KeyCorp analyst J. Gere now anticipates that the company will earn $1.29 per share for the quarter, up from their previous forecast of $1.24. KeyCorp also issued estimates for Clorox’s FY2018 earnings at $6.17 EPS and FY2019 earnings at $6.60 EPS.
Clorox (NYSE:CLX) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clorox had a return on equity of 126.70% and a net margin of 13.21%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share.
Clorox (NYSE:CLX) traded down $1.06 during trading on Wednesday, reaching $126.70. The company’s stock had a trading volume of 309,808 shares, compared to its average volume of 1,194,581. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 2.35. Clorox has a twelve month low of $124.09 and a twelve month high of $150.40. The company has a market capitalization of $16,540.42, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31.
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Clorox by 63.2% in the third quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock valued at $54,269,000 after acquiring an additional 161,555 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Clorox in the third quarter valued at approximately $1,477,000. Shell Asset Management Co. lifted its holdings in Clorox by 102.5% in the third quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock valued at $11,465,000 after acquiring an additional 60,427 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Clorox by 417.8% in the third quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock valued at $8,425,000 after acquiring an additional 51,534 shares during the last quarter. Finally, Jensen Investment Management Inc. lifted its holdings in Clorox by 12.1% in the fourth quarter. Jensen Investment Management Inc. now owns 40,960 shares of the company’s stock valued at $6,092,000 after acquiring an additional 4,435 shares during the last quarter. Institutional investors and hedge funds own 73.68% of the company’s stock.
In other news, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total value of $1,438,169.74. Following the completion of the sale, the senior vice president now directly owns 34,867 shares in the company, valued at $4,742,260.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.65%. Clorox’s dividend payout ratio (DPR) is presently 55.45%.
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Clorox Company Profile
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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