Clorox (NYSE:CLX) Issues FY 2027 Earnings Guidance

Clorox (NYSE:CLX) updated its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.700-6.000 for the period, compared to the consensus estimate of 5.690. The company issued revenue guidance of $7.6 billion-$7.7 billion, compared to the consensus revenue estimate of $7.6 billion.

Clorox Stock Performance

Shares of CLX stock traded up $2.36 during trading hours on Tuesday, hitting $92.26. The stock had a trading volume of 613,687 shares, compared to its average volume of 2,638,456. The firm has a market capitalization of $11.16 billion, a PE ratio of 19.25, a PEG ratio of 2.91 and a beta of 0.59. The stock’s 50 day moving average is $88.27 and its 200 day moving average is $99.92. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. Clorox has a twelve month low of $79.12 and a twelve month high of $128.90.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, November 2nd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.48. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.85 EPS. Clorox’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, research analysts forecast that Clorox will post 5.66 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Wednesday, October 28th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s payout ratio is currently 103.73%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. TD Cowen dropped their price target on shares of Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $98.00 in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a “sell” rating and issued a $74.00 price target on shares of Clorox in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research note on Tuesday, October 6th. Finally, BNP Paribas Exane decreased their price target on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Twelve investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Clorox presently has a consensus rating of “Reduce” and an average price target of $93.29.

More Clorox News

Here are the key news stories impacting Clorox this week:

• Positive Sentiment: Clorox reported fiscal Q1 adjusted EPS of $1.55, well above the $1.07 consensus estimate and up from $0.85 a year earlier. Revenue rose 33.3% year over year to $1.91 billion, also exceeding expectations. Clorox Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management attributed margin improvement to productivity gains and strategic pricing, suggesting that cost-saving initiatives and pricing actions are beginning to offset inflationary pressure. CLX Q3 Deep Dive
• Positive Sentiment: Clorox reiterated fiscal 2027 adjusted EPS guidance of $5.70 to $6.00 and revenue guidance of $7.6 billion to $7.7 billion, broadly in line with analyst expectations. Clorox Reports Q1 Fiscal Year 2027 Results
• Positive Sentiment: Evercore ISI upgraded Clorox from “underperform” to “hold” and set a $99 price target, reflecting a more balanced view of the company’s turnaround prospects. Evercore ISI Upgrades Clorox

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.