Zacks Research Analysts Lift Earnings Estimates for The Clorox Company (NYSE:CLX)

The Clorox Company (NYSE:CLX - Free Report) - Zacks Research raised their Q1 2025 EPS estimates for Clorox in a report released on Tuesday, May 14th. Zacks Research analyst R. Lohia now forecasts that the company will post earnings of $1.34 per share for the quarter, up from their previous forecast of $1.07. The consensus estimate for Clorox's current full-year earnings is $5.83 per share.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $1.51 earnings per share. Clorox's quarterly revenue was down 5.3% compared to the same quarter last year.

Several other analysts have also issued reports on CLX. Wells Fargo & Company lowered their price target on shares of Clorox from $140.00 to $135.00 and set an "underweight" rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group raised Clorox from an "underperform" rating to a "hold" rating and set a $145.00 price target for the company in a report on Tuesday, March 26th. DA Davidson reiterated a "neutral" rating and set a $162.00 price objective on shares of Clorox in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft cut their target price on Clorox from $155.00 to $151.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. Finally, Barclays decreased their price target on Clorox from $136.00 to $132.00 and set an "underweight" rating on the stock in a research report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Clorox currently has an average rating of "Hold" and an average price target of $146.43.

Clorox Stock Performance

Shares of Clorox stock traded down $1.50 on Thursday, reaching $136.91. 1,414,741 shares of the company traded hands, compared to its average volume of 1,261,837. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53. The firm has a market capitalization of $17.00 billion, a PE ratio of 71.71, a PEG ratio of 2.18 and a beta of 0.44. The company has a 50 day moving average of $146.67 and a 200 day moving average of $144.34. Clorox has a 52 week low of $114.68 and a 52 week high of $169.14.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Wednesday, April 24th were paid a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.51%. Clorox's payout ratio is currently 248.71%.

Hedge Funds Weigh In On Clorox

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new stake in Clorox during the 4th quarter valued at $29,000. Venturi Wealth Management LLC lifted its holdings in shares of Clorox by 308.5% during the first quarter. Venturi Wealth Management LLC now owns 192 shares of the company's stock valued at $29,000 after purchasing an additional 145 shares in the last quarter. Northwest Financial Advisors bought a new stake in Clorox in the 4th quarter worth about $29,000. Core Wealth Advisors Inc. purchased a new position in Clorox in the 4th quarter worth about $29,000. Finally, First United Bank & Trust bought a new position in Clorox during the 4th quarter valued at about $31,000. 78.53% of the stock is currently owned by institutional investors.

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.