Clorox (CLX) Scheduled to Post Quarterly Earnings on Tuesday

Clorox (NYSE:CLX) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce 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.Investors interested in registering for the company’s conference call can do so using this link.

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

Clorox Stock Up 1.1 %

Shares of NYSE CLX opened at $145.19 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 11.37. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 230.46, a PEG ratio of 2.27 and a beta of 0.43. Clorox has a 12 month low of $114.68 and a 12 month high of $178.21. The stock has a 50-day moving average price of $149.82 and a two-hundred day moving average price of $142.09.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s payout ratio is 761.92%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup lowered their target price on Clorox from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Jefferies Financial Group raised Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price for the company in a research note on Tuesday, March 26th. DA Davidson reissued a “neutral” rating and set a $162.00 target price on shares of Clorox in a research note on Wednesday, April 17th. UBS Group boosted their target price on Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Barclays lowered their price objective on Clorox from $148.00 to $136.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.