Could Clorox Co. (CLX) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Clorox Co. (NYSE:CLX) shares traded at $132.52, up 2.73% from the previous session.

As of this writing, 21 analysts cover Clorox Co. (NYSE:CLX). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $169.00 and a low of $115.00, we find $132.50. Given the previous closing price of $129.00, this indicates a potential upside of 2.71 percent. CLX stock price is now -0.94% away from the 50-day moving average and -12.29% away from the 200-day moving average. The market capitalization of the company currently stands at $16.44B.

There are 11 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $136.28 as their price target over the next twelve months.

With the price target enhanced from $124 to $132, UBS Upgraded its rating from Sell to Neutral for Clorox Co. (NYSE: CLX).

In other news, Jacobsen Kevin B, EVP – Chief Financial Officer sold 3,346 shares of the company’s stock on Aug 14. The stock was sold for $538,096 at an average price of $160.82. Upon completion of the transaction, the EVP – Chief Financial Officer now directly owns 23,224 shares in the company, valued at $3.08 million. Insiders disposed of 15,406 shares of company stock worth roughly $2.04 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.

Tuesday morning saw Clorox Co. (NYSE: CLX) opened at $128.54. During the past 12 months, Clorox Co. has had a low of $114.68 and a high of $178.21. According to the stock market information, the enterprise value for the company is $18.69B, which is based on a 192.48 price-to-earnings ratio, a 27.65 price-to-earnings-growth ratio, and a beta of 0.34. The fifty day moving average price for CLX is $133.77 and a two-hundred day moving average price translates $151.09 for the stock.

The latest earnings results from Clorox Co. (NYSE: CLX) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.18 by 0.49. This compares to $0.70 EPS in the same period last year. The net profit margin was 1.22% and return on equity was 59.52% for CLX. The company reported revenue of $1.39 billion for the quarter, compared to $1.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.34 percent. For the current quarter, analysts expect CLX to generate $1.31B in revenue.

Clorox Co.(CLX) Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States. The Household segment provides cat litter products under the Fresh Step and Scoop Away brands; bags and wraps under the Glad brand; and grilling products under the Kingsford brand in the United States. The Lifestyle segment offers dressings, dips, seasonings, and sauces primarily under the Hidden Valley brand; natural personal care products under the Burt’s Bees brand; and water-filtration products under the Brita brand in the United States. The International segment provides laundry additives; home care products; water-filtration systems; digestive health products; grilling products; cat litter products; food products; bags and wraps; natural personal care products; and professional cleaning and disinfecting products internationally primarily under the Clorox, Ayudin, Clorinda, Poett, Pine-Sol, Glad, Brita, RenewLife, Ever Clean and Burt’s Bees brands. It sells its products primarily through mass retailers; grocery outlets; warehouse clubs; dollar stores; home hardware centers; drug, pet, and military stores; third-party and owned e-commerce channels; and distributors, as well as a direct sales force The Clorox Company was founded in 1913 and is headquartered in Oakland, California.

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