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Wednesday, February 1, 2023

An Evaluation Of The Clorox Company (NYSE: CLX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Clorox Company (CLX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $141.95. The The Clorox Company has recorded 30,758 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Clorox Announces Feb. 2 Webcast of Second-Quarter Fiscal Year 2023 Results.

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Stocks Info

CLX belongs to the Consumer Defensive sector of the NYSE while operating in the Household & Personal Products industry. At the end of the last regular session, the stock closed at $141.95 and fluctuated between $142.63 as its day high and $140.50 as its day low. The current market capitalization of The Clorox Company is $17.23B. A total of 1.09 million shares were traded on the day, compared to an average of 1.10M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CLX has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 138 shares. Over the last 12 months, there were 30 BUYs and 41 SELLs from insiders. Insiders purchased 70,833 shares during that period but sold 9,832.

In the most recent transaction, MACKAY A D DAVID sold 1,000 shares of CLX for 140.63 per share on Jun 02. After the transaction, the Director now owns 600 company shares. In a previous transaction on May 09, Reynolds Eric H sold 585 shares at 154.83 per share. CLX shares that EVP – Chief Operating Officer owns now total 17,289.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. The Clorox Company pays an annual dividend of $4.72, resulting in a dividend yield of 3.33%, and it has a price to earnings (P/E) ratio of 43.41. CLX’s most recent ex-dividend date was 1/24/2023 when it declared a $1.18 quarterly dividend that was paid in cash on 2/10/2023. Previously, the company paid the dividend on 11/10/2022 with an ex-dividend date of 10/25/2022. The CLX stock dividend was $1.18 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CLX in the last 3 months, the mean price target is $135.39 with high estimates of $162.00 and low estimates of $102.00. In terms of 52-week highs and lows, CLX has a high of $186.86 and a low of $120.50.

As of this writing, CLX has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.89 per share and a lower estimate of $0.53. The company reported an EPS of $1.31 in the last quarter, which was 35.10% higher than expectations of $0.97.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CLX is Sell with a score of 2.00. A total of 1 analysts rated the stock as Buy while 2 rated it as Overweight while 8 rated it as Hold. Among the other participants, 3 thought the stock was Underweight and 7 thought it should be Sold.

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