The Clorox Company (NYSE:CLX) Plans Quarterly Dividend of $1.24

The Clorox Company (NYSE:CLX) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Wednesday, April 22nd will be paid a dividend of 1.24 per share on Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, April 22nd.

Clorox has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 47 years. Clorox has a payout ratio of 72.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Clorox to earn $7.12 per share next year, which means the company should continue to be able to cover its $4.96 annual dividend with an expected future payout ratio of 69.7%.

Clorox Stock Down 0.6%

Shares of CLX traded down $0.70 on Wednesday, reaching $125.95. The company’s stock had a trading volume of 932,659 shares, compared to its average volume of 2,260,676. Clorox has a twelve month low of $96.66 and a twelve month high of $158.91. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The firm has a fifty day moving average of $110.79 and a 200-day moving average of $113.53. The stock has a market capitalization of $15.23 billion, a PE ratio of 20.58, a PEG ratio of 0.62 and a beta of 0.59.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts predict that Clorox will post 7.15 EPS for the current year.

Analysts Set New Price Targets

CLX has been the topic of a number of analyst reports. Wells Fargo & Company set a $125.00 target price on shares of Clorox in a report on Tuesday, February 17th. The Goldman Sachs Group reduced their price target on Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 11th. Finally, UBS Group upped their price target on Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Clorox presently has a consensus rating of “Reduce” and an average price target of $118.73.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.