Clorox (CLX) Getting Somewhat Negative Media Coverage, Study Shows
News stories about Clorox (NYSE:CLX) have trended somewhat negative on Friday, according to AlphaOne Sentiment. AlphaOne, a subsidiary of Accern, identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clorox earned a media sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted AlphaOne Sentiment’s analysis:
- Clorox : CR Magazine Recognizes Clorox for Corporate Responsibility Performance (4-traders.com)
- The Clorox Company (CLX) Dividend Stock Analysis (seekingalpha.com)
- The Clorox Co. : CLX-US: Dividend Analysis : April 19th, 2017 (record date) : By the numbers : April 20, 2017 (finance.yahoo.com)
- Clorox Offers Clean Solution for Strength (finance.yahoo.com)
Shares of Clorox (NYSE:CLX) traded down 0.98% on Friday, hitting $134.32. 542,591 shares of the stock were exchanged. The company has a 50-day moving average price of $136.15 and a 200-day moving average price of $124.70. The firm has a market capitalization of $17.23 billion, a PE ratio of 26.94 and a beta of 0.32. Clorox has a one year low of $111.24 and a one year high of $140.47.
Clorox (NYSE:CLX) last issued its earnings results on Friday, February 3rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.22 by $0.03. The company earned $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Clorox had a net margin of 11.15% and a return on equity of 239.42%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. Equities research analysts expect that Clorox will post $5.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Wednesday, April 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, April 17th. Clorox’s payout ratio is presently 64.13%.
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Clorox in a research report on Tuesday, March 21st. They set a “neutral” rating and a $136.00 target price for the company. Royal Bank of Canada set a $115.00 target price on shares of Clorox and gave the stock a “hold” rating in a research report on Tuesday, March 21st. Zacks Investment Research lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Thursday, April 6th. Barclays PLC raised shares of Clorox from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $115.00 to $111.00 in a research report on Monday, January 9th. Finally, Vetr lowered shares of Clorox from a “buy” rating to a “hold” rating and set a $139.67 target price for the company. in a research report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.97.
Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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