Clorox (CLX) Set to Announce Earnings on Tuesday

Clorox (NYSE:CLX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Clorox to post earnings of $1.34 per share for the quarter. Clorox has set its FY24 guidance at $5.30-5.50 EPS and its FY 2024 guidance at 5.300-5.500 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Clorox (NYSE:CLX) last released its earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.08 by $1.08. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts expect Clorox to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Clorox Price Performance

CLX stock opened at $146.48 on Friday. Clorox has a one year low of $114.68 and a one year high of $178.21. The company’s fifty day moving average price is $149.39 and its 200-day moving average price is $142.60. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The company has a market capitalization of $18.18 billion, a PE ratio of 232.51, a price-to-earnings-growth ratio of 2.33 and a beta of 0.43.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio (DPR) is presently 761.92%.

Wall Street Analysts Forecast Growth

CLX has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Jefferies Financial Group upgraded shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price target on the stock in a research report on Tuesday, March 26th. Citigroup reduced their price target on shares of Clorox from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. The Goldman Sachs Group initiated coverage on shares of Clorox in a research report on Friday, March 1st. They issued a “sell” rating and a $140.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $148.63.

Clorox Company Profile

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.