Clorox Co (CLX) is Initiated by Atlantic Equities to Neutral

Clorox Co (CLX) was Initiated by Atlantic Equities to “Neutral”. Atlantic Equities advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on Clorox Co. Company shares were Reiterated by B. Riley & Co. on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $102 .Company shares were Reiterated by UBS on May 4, 2016 to “Sell”, Firm has raised the Price Target to $ 112 from a previous price target of $110 .

On the company’s financial health, Clorox Co reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.10. The company had revenue of $1426.00 million for the quarter, 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.

Clorox Co opened for trading at $130.42 and hit $131.82 on the upside on Friday, eventually ending the session at $131.77, with a gain of 0.66% or 0.86 points. The heightened volatility saw the trading volume jump to 7,09,559 shares. Company has a market cap of $17,043 M.

Investors should note that on May 16, 2016, Clorox Co announced a cash dividend of $0.8000. The company’s management has announced Jul 25, 2016 as the ex-dividend date and fixed the record date on Jul 27, 2016. The payable date has been fixed on Aug 12, 2016.

In a different news, on May 12, 2016, Nikolaos A Vlahos (EVP-COO – Household) sold 2,151 shares at $132.25 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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Clorox Co - Is it time to Sell?

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