Zacks Research Issues Negative Outlook for Clorox Earnings

Key Points

• Zacks Research lowered Clorox’s Q1 2027 EPS estimate to $0.91 from $1.02 and projects $5.53 in FY2027 earnings. The firm maintains a “Hold” rating.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $93.57; Clorox shares recently opened at $86.38.
• Clorox reported quarterly revenue of $1.95 billion and EPS of $1.66, while revenue declined 2% year over year. The company declared a $1.25 quarterly dividend, equal to a 5.8% yield, though its payout ratio exceeds 100%.

The Clorox Company (NYSE:CLX - Free Report) - Equities researchers at Zacks Research lowered their Q1 2027 earnings estimates for shares of Clorox in a report issued on Friday, October 23rd. Zacks Research analyst Team now anticipates that the company will post earnings of $0.91 per share for the quarter, down from their previous forecast of $1.02. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Clorox's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Clorox's Q2 2027 earnings at $1.30 EPS and FY2027 earnings at $5.53 EPS.

CLX has been the topic of a number of other reports. Evercore set a $99.00 price objective on Clorox in a research report on Tuesday, August 4th. Jefferies Financial Group cut shares of Clorox from a "buy" rating to a "hold" rating and cut their price objective for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $95.00 target price on shares of Clorox in a report on Monday, October 19th. Barclays cut their price target on shares of Clorox from $84.00 to $80.00 and set an "underweight" rating on the stock in a report on Friday, October 16th. Finally, Wall Street Zen cut Clorox from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $93.57.

Clorox Stock Down 0.0%

Shares of NYSE CLX opened at $86.38 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. Clorox has a 12-month low of $79.12 and a 12-month high of $128.90. The firm's 50-day moving average price is $90.24 and its 200-day moving average price is $94.66. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.89 and a beta of 0.59.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CLX. Ancora Advisors LLC bought a new position in shares of Clorox during the second quarter valued at approximately $28,000. Avalon Trust Co purchased a new stake in Clorox during the second quarter worth $29,000. Markowski Investments purchased a new stake in Clorox during the second quarter worth $30,000. Root Financial Partners LLC lifted its holdings in Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company's stock worth $33,000 after buying an additional 145 shares during the period. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Clorox during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.8%. The ex-dividend date is Wednesday, October 28th. Clorox's dividend payout ratio is presently 103.73%.

About Clorox

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt's Bees personal care items.

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