Revenue Update on Clorox Co(NYSE:CLX)

Clorox Co(NYSE:CLX) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $1.406B. Analysts estimated a revenue of $1.410B. The revenues were -0.28% below the estimates. Earnings per share were $1.25. The reported EPS was above estimates by 2.46%. Analysts had estimated an EPS of $1.22.

In a different note, On Jan 9, 2017, Barclays said it Upgrades its rating on Clorox Co. According to the research note, Barclays Lowers the price target to $111 per share from a prior target of $115. The shares have been rated ‘Equal-Weight’ by the firm. BMO Capital said it Initiates Coverage On Clorox Co, according to a research note issued on Dec 16, 2016. The shares have been rated ‘Outperform’ by the firm. On Dec 16, 2016, Morgan Stanley said it Upgrades its rating on Clorox Co. The shares have been rated ‘Equal-Weight’ by the firm.

Clorox Co (CLX) made into the market gainers list on Tuesdays trading session with the shares advancing 1.24% or 1.54 points. Due to strong positive momentum, the stock ended at $125.32, which is also near the day’s high of $125.58. The stock began the session at $124.31 and the volume stood at 9,26,452 shares. The 52-week high of the shares is $140.47 and the 52 week low is $111.24. The company has a current market capitalization of $16,074 M and it has 12,82,65,855 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, A D David Mackay (director) purchased 5,000 shares at $114.90 per share price.Also, On Sep 7, 2016, Laura Stein (EVP – General Counsel) sold 38,882 shares at $131.69 per share price.On Aug 31, 2016, Jon M Balousek (SVP – GM, Specialty Div) sold 5,136 shares at $131.14 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.

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