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Wednesday, December 6, 2023

Is Clorox Co. (NYSE: CLX) No Longer A Good Investment?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Clorox Co. (CLX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.47, or 0.35%, to $132.99. The Clorox Co. has recorded 33,394 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Clorox Reports Q1 Fiscal Year 2024 Results, Updates Outlook.

Stocks Info

As a NYSE listed company, CLX falls under the Consumer Defensive sector while operating within the Household & Personal Products industry segment. At the end of the last regular session, the stock closed at $132.52 and fluctuated between $133.25 as its day high and $128.29 as its day low. The current market capitalization of Clorox Co. is $16.44B. A total of 3.48 million shares were traded on the day, compared to an average of 1.61M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CLX has seen 9 BUY and 16 SELL insider trades, representing the acquisition of 30,077 and the disposition of 7,475 shares. Over the last 12 months, there were 14 BUYs and 21 SELLs from insiders. Insiders purchased 41,078 shares during that period but sold 15,406.

In the most recent transaction, Jacobsen Kevin B sold 3,346 shares of CLX for 160.82 per share on Aug 14. After the transaction, the EVP – Chief Financial Officer now owns 23,224 company shares.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Clorox Co. pays an annual dividend of $4.84, resulting in a dividend yield of 3.65%, and it has a price to earnings (P/E) ratio of 192.48. CLX’s most recent ex-dividend date was 10/24/2023 when it declared a $1.20 quarterly dividend that was paid in cash on 11/9/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/8/2023. The CLX stock dividend was $1.20 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CLX in the last 3 months, the mean price target is $136.28 with high estimates of $169.00 and low estimates of $115.00. In terms of 52-week highs and lows, CLX has a high of $178.21 and a low of $114.68.

As of this writing, CLX has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.4. The company reported an EPS of $1.51 in the last quarter, which was 23.80% higher than expectations of $1.22.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CLX’s latest balance sheet shows that the firm has $183.00M in Cash & Short Term Investments as of fiscal 2022. There were $3.10B in debt and $1.78B in liabilities at the time. Its Book Value Per Share was -$0.30, while its Total Shareholder’s Equity was $729.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.40.

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