|Bid||142.94 x 10000|
|Ask||143.16 x 10000|
|Day's Range||144.30 - 144.30|
|52 Week Range||122.75 - 149.04|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||22.83|
|Forward Dividend & Yield||3.82 (2.65%)|
|1y Target Est||N/A|
Clorox stock has been a laggard in 2019, but Credit Suisse argues investors aren’t valuing the household products maker correctly.
The consumer packaged-goods company raised prices on trash bags and charcoal last year. Others didn't follow suit and it hurt the bottom line.
On Thursday, Clorox posted mixed fourth-quarter results. Clorox reported net revenues of $1.63 billion, which fell short of analysts’ estimate.
Clorox was falling early Thursday, following the household-product maker’s fiscal fourth-quarter earnings that were dominated by light sales and disappointing guidance.
Shares of Clorox Co. sank 3.8% in premarket trading Thursday, after the consumer products company, which brands include Kingsford, Clorox and Glad, reported a fiscal fourth-quarter profit that beat expectations but revenue that missed, and provided a downbeat outlook. Net income for the quarter to June 30 rose to $241 million, or $1.88 a share, from $217 million, or $1.66 a share, in the same period a year ago. That beat the FactSet EPS consensus of $1.83. Revenue fell 4%, to $1.63 billion from $1.69 billion a year ago, below the FactSet consensus of $1.68 billion. Cleaning sales rose 3% to $530 million, above the FactSet consensus of $524 million; household sales fell 11% to $546 million to miss expectations of $617 million; and lifestyle sales were roughly flat at $312 million, below expectations of $333 million. "Fiscal year 2019 results were mixed for the company due to persistent challenges on Charcoal and Bags and Wraps, and our Q4 results were a reflection of this," said Chief Executive Benno Dorer. For fiscal 2020, Clorox expects sales growth of flat to 2%, while the FactSet sales consensus of $6.41 billion implies 3.1% growth. The EPS guidance range of $6.30 to $6.50 compares with expectations of $6.48. The stock has gained 5.5% year to date through Wednesday, while the SPDR Consumer Staples Select Sector ETF has advanced 17.0% and the S&P 500 has climbed 18.9%.
Commenting on Clorox Co. during the Lightning Round of Mad Money Tuesday night, Jim Cramer said: "The last quarter wasn't that good but the stock is still up. The technical indicators look like they can support an upside breakout in the near future. The daily On-Balance-Volume (OBV) line has been rising the past twelve months and it has just made a new high for the move up to foreshadow a potential breakout.
When we talk Dividend Aristocrats and Dividend Kings, it should come as little surprise the Kings and their more than 50 years of increasing dividends earns the same as a lot in the Dividend Aristocrats, given they easily satisfy the criteria that is increasing their dividends for at least 25 years. This led me to suggest investors through the Kings for companies that have inelastic and defensible business models. Now let's do the same for the Dividend Aristocrats.
Why Clorox Stock Is Underperforming Peers(Continued from Prior Part)Analysts maintain a “hold” ratingMost analysts prefer to maintain a neutral stance on Clorox (CLX) stock. Clorox’s price restructuring initiatives and innovation are expected
Why Clorox Stock Is Underperforming Peers(Continued from Prior Part)Dividend increased 10%On May 20, The Clorox Company (CLX) announced a 10% hike in its quarterly dividend to $1.06 per share from $0.96. Clorox is a dividend aristocrat, which in
Why Clorox Stock Is Underperforming Peers(Continued from Prior Part)What could hurt CLX’s sales Clorox (CLX) is expected to disappoint with its top-line performance in the near term. We expect Clorox’s top line to take a hit from the decline
Why Clorox Stock Is Underperforming PeersStock performance Clorox stock (CLX) is down about 8% since the company posted its third quarter of fiscal 2019 earnings on May 1. Moreover, the stock is down 4.8% on a year-to-date basis as of May 20, and
After reporting a third-quarter earnings and sales miss May 1, Clorox Co (NYSE: CLX ) has been downgraded by a notable analyst. The Analyst Argus analyst John Staszak downgraded Clorox from Buy to Hold. ...
Clorox Stock Drops 7.2% on Weak Quarterly Results(Continued from Prior Part)Consensus target price Clorox (CLX) disappointed investors with its third-quarter results. Moreover, its top line is expected to remain pressured owing to the heightened