Clorox (CLX) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Clorox (CLX) yesterday and set a price target of $153. The company’s shares closed yesterday at $148.16.

Herzog observed:

“We are lowering our FY19/FY20 EPS estimates by -$0.03/-$0.06 to $6.31/$6.69 and our price target by $4 to $153. $ 2018A 2019E 2020E EPS Curr. Prior Curr. Prior Q1 (Sep.) 1.46 1.62 A NC 1.72 Q2 (Dec.) 1.77 1.40 A NC 1.46 Q3 (Mar.) 1.37 1.44 A 1.47 1.58 Q4 (June) 1.66 1.86 NC 1.93 FY 6.26 6.31 6.34 6.69 6.75 CY 6.04 6.47 6.85 FY P/EPS 23.7x 23.5x 22.2x Rev.(MM) 6,124 6,273 6,410 Company Data, Wells Fargo Securities, LLC estimates, and Reuters NA = Not Available, NC = No Change, NE = No Estimate, NM = Not Meaningful V = Volatile Ticker CLX Outstanding: (MM) 130.3 Market Cap.: (MM) $19,305.2 S&P 500: 2,923.73 Avg. $3.84/2.6% LT Debt: (MM) $2,286.0 LT ROE: NM 3-5 Yr. Est. Growth Rate: 5.0% CY 2019 Est.”

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.9% and a 67.9% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.

Clorox has an analyst consensus of Hold, with a price target consensus of $153.75.

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Based on Clorox’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.47 billion and net profit of $182 million. In comparison, last year the company earned revenue of $1.52 billion and had a net profit of $181 million.

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The Clorox Co. engages in the manufacture and marketing of consumer and institutional products. It operates through the following business segments: Cleaning, Lifestyle, Household, International, and Corporate. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

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