Clorox Co (CLX) Releases Earnings Results, Beats Expectations By $0.11 EPS

Clorox Co (CLX) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $1.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $1.10. The company posted revenue of $1426.00 million in the period, compared to analysts expectations of $1408.28 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Clorox Co. Clorox Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016. Company shares were Reiterated by B. Riley & Co. on Feb 9, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $101 .

Clorox Co opened for trading at $125.25 and hit $127.01 on the upside on Monday, eventually ending the session at $126.96, with a gain of 1.38% or 1.73 points. The heightened volatility saw the trading volume jump to 16,37,186 shares. Company has a market cap of $16,434 M.

In a different news, on Feb 9, 2016, Nikolaos A Vlahos (EVP-COO – Household) sold 8,589 shares at $126.60 per share price. According to the SEC, on Dec 9, 2015, Jon M Balousek (SVP – GM, Specialty Div) sold 1,488 shares at $128.69 per share price. On Dec 8, 2015, Jacqueline P Kane (EVP- HR & Corporate Affairs) sold 852 shares at $127.55 per share price, according to the Form-4 filing with the securities and exchange commission.

The Clorox Company (Clorox) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets e-commerce channels distributors and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning which consists of laundry home care and professional products marketed and sold in the United States; Household which consists of charcoal cat litter and plastic bags wraps and container products; Lifestyle which includes food products water-filtration systems and filters and natural personal care products and International which consists of products sold outside the United States such as laundry home care water-filtration charcoal and cat litter products dressings and sauces plastic bags wraps and containers and natural personal care products.

Clorox Co

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