KeyCorp Weighs in on Clorox Company (The)’s Q2 2018 Earnings (NYSE:CLX)

Clorox Company (The) (NYSE:CLX) – KeyCorp lowered their Q2 2018 EPS estimates for shares of Clorox Company (The) in a report issued on Thursday. KeyCorp analyst J. Gere now anticipates that the company will post earnings per share of $1.33 for the quarter, down from their previous forecast of $1.35. KeyCorp also issued estimates for Clorox Company (The)’s Q4 2018 earnings at $1.64 EPS, Q1 2019 earnings at $1.47 EPS, Q2 2019 earnings at $1.40 EPS, Q3 2019 earnings at $1.39 EPS, Q4 2019 earnings at $1.74 EPS and FY2019 earnings at $6.01 EPS.

Several other analysts have also issued reports on the stock. Vetr lowered shares of Clorox Company (The) from a “buy” rating to a “hold” rating and set a $139.67 target price on the stock. in a research report on Tuesday, April 18th. Jefferies Group LLC initiated coverage on shares of Clorox Company (The) in a research report on Tuesday, April 18th. They issued a “hold” rating and a $138.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $136.00 target price on shares of Clorox Company (The) in a research report on Thursday, May 4th. BidaskClub lowered shares of Clorox Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $137.00 target price (up previously from $126.00) on shares of Clorox Company (The) in a research report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $129.13.

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Shares of Clorox Company (NYSE CLX) traded down 0.262% during mid-day trading on Monday, reaching $135.145. 103,973 shares of the company’s stock traded hands. The company’s 50 day moving average is $134.79 and its 200 day moving average is $133.07. Clorox Company has a 12-month low of $111.24 and a 12-month high of $141.76. The company has a market cap of $17.41 billion, a P/E ratio of 26.698 and a beta of 0.40.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.49 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS.

Institutional investors have recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Clorox Company (The) by 21.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,763 shares of the company’s stock valued at $3,166,000 after buying an additional 4,172 shares in the last quarter. Airain ltd acquired a new position in Clorox Company (The) during the second quarter valued at $945,000. Andra AP fonden increased its position in Clorox Company (The) by 0.6% in the second quarter. Andra AP fonden now owns 161,300 shares of the company’s stock valued at $21,492,000 after buying an additional 903 shares in the last quarter. Sfmg LLC acquired a new position in Clorox Company (The) during the second quarter valued at $216,000. Finally, GHP Investment Advisors Inc. increased its position in Clorox Company (The) by 0.7% in the second quarter. GHP Investment Advisors Inc. now owns 17,217 shares of the company’s stock valued at $2,294,000 after buying an additional 124 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Company (The) Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

Earnings History and Estimates for Clorox Company (The) (NYSE:CLX)

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