Clorox - CLX Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clorox in the last twelve months. There are currently 7 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CLX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLX, but not buy additional shares or sell existing shares.
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13 brokers have issued 1-year price objectives for Clorox's shares. Their CLX share price forecasts range from $108.00 to $165.00. On average, they expect the company's share price to reach $141.00 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
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Clorox's stock was trading at $140.33 at the beginning of the year. Since then, CLX shares have increased by 12.2% and is now trading at $157.50.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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The Clorox Company (NYSE:CLX) issued its earnings results on Thursday, February, 2nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.32. The company earned $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. Clorox had a trailing twelve-month return on equity of 89.97% and a net margin of 6.16%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share.
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Clorox declared a quarterly dividend on Tuesday, February 14th. Investors of record on Wednesday, April 26th will be paid a dividend of $1.18 per share on Friday, May 12th. This represents a $4.72 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, April 25th.
Read our dividend analysis for CLX.

ETFs with the largest weight of Clorox (NYSE:CLX) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), VanEck Morningstar ESG Moat ETF (MOTE), VictoryShares Dividend Accelerator ETF (VSDA), ProShares Russell US Dividend Growers ETF (TMDV), Cultivar ETF (CVAR), Nuveen ESG Mid-Cap Value ETF (NUMV) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

Clorox (NYSE:CLX) pays an annual dividend of $4.72 per share and currently has a dividend yield of 3.01%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 134.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CLX will have a dividend payout ratio of 87.73% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CLX.

Clorox updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $4.05-$4.30 for the period, compared to the consensus EPS estimate of $4.17. The company issued revenue guidance of $6.96 billion-$7.18 billion, compared to the consensus revenue estimate of $7.07 billion.

17 employees have rated Clorox Chief Executive Officer Linda Rendle on Glassdoor.com. Linda Rendle has an approval rating of 94% among the company's employees. This puts Linda Rendle in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Clorox investors own include Johnson & Johnson (JNJ), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), AT&T (T), Walt Disney (DIS), Home Depot (HD), Procter & Gamble (PG), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Clorox trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLX."

Clorox's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wells Fargo & Company MN (2.92%), Geode Capital Management LLC (2.12%), Morgan Stanley (1.46%), Nuance Investments LLC (1.42%), Macquarie Group Ltd. (1.19%) and Vaughan Nelson Investment Management L.P. (1.03%). Insiders that own company stock include A D David Mackay, Andrew J Mowery, Benno O Dorer, Denise Garner, Diego J Barral, Eric H Reynolds, Jeff Baker, Kevin B Jacobsen, Laura Stein and William S Bailey.
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Shares of CLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLX stock can currently be purchased for approximately $157.50.

Clorox (NYSE:CLX) has a market capitalization of $19.46 billion and generates $7.11 billion in revenue each year. The company earns $462 million in net income (profit) each year or $3.50 on an earnings per share basis.

The company employs 9,000 workers across the globe.

Clorox's mailing address is 1221 BROADWAY, OAKLAND CA, 94612. The official website for the company is www.thecloroxcompany.com. The company can be reached via phone at (510) 271-7000, via email at investorrelations@clorox.com, or via fax at 510-832-1463.