Clorox (NYSE:CLX) Issues FY 2024 Earnings Guidance

Clorox (NYSE:CLX) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.800-5.950 for the period, compared to the consensus estimate of 5.580. The company issued revenue guidance of -. Clorox also updated its FY24 guidance to $5.80-5.95 EPS.

Analyst Upgrades and Downgrades

CLX has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Clorox from $145.00 to $152.00 and gave the stock a neutral rating in a research note on Thursday, January 18th. UBS Group lifted their price objective 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. DA Davidson restated a neutral rating and issued a $162.00 target price on shares of Clorox in a research note on Wednesday, April 17th. Jefferies Financial Group raised 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. 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 report on Wednesday, April 10th. Four equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $148.63.

Clorox Stock Performance

Clorox stock traded down $1.11 during mid-day trading on Tuesday, hitting $147.81. The company had a trading volume of 1,784,278 shares, compared to its average volume of 1,217,056. 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 capitalization of $18.34 billion, a price-to-earnings ratio of 236.38, a P/E/G ratio of 2.32 and a beta of 0.43. The company’s fifty day moving average is $149.35 and its 200-day moving average is $142.95. Clorox has a 12-month low of $114.68 and a 12-month high of $178.21.

Clorox (NYSE:CLX) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts predict that Clorox will post 5.52 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders 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 dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s payout ratio is 761.92%.

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.