The Clorox Company (CLX) has had a roller-coaster year of highs and lows, illustrating the cyclical nature of the business environment. Despite retirement systems reducing their holdings in CLX, other noteworthy entities like Los Angeles Capital Management have shown increased interest. Many surprises were seen including CLX's earnings surpassing estimates for Q1 and Q3 even as revenues per year trended downwards. Highlighting the potential long-term growth of the company, it was rated "Barron's Most Sustainable US Company" twice consecutively. Meanwhile, the company's adjusted earnings per share (EPS) have steadily risen amidst challenges, reflecting resilience and adaptability. Thus, numerous investment experts see Clorox as a growth stock for the long-term. The company's shares though have unfortunately dropped 9.8% over the last year, resulting in lowered price targets from some investments banks. Clorox has reported its sales and earnings for fiscal years ahead with part of its strategic plan being divestment in Argentina, Uruguay, and Paraguay. Overpricing has been identified as a deterrent for its popularity among investors. The future for Clorox continues to look promising as it invests in strategic and pricing efforts. It managed to bounce back from a 2023 cybersecurity attack and is set to deliver its Q1 earnings. Clorox, however, faces uncertainty due to analyst downgrades and stringent returns on capital.
Clorox Company CLX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Tue, 07 May 2024 14:32:22 GMT -
Rating 2
- Innovation 8
- Information 5
- Rumor -8
