The Clorox Company (CLX) is shaping to become one of the leading
high-yield dividend stocks for 2025 and beyond, however, recent
Q3 earnings and sales haven't met estimates adding challenges to the company's financial performance. Although the company's
margin expanded, the stock went down following missed earnings. The outlook was slightly adjusted in light of such macroeconomic market conditions. Despite this, financial market players such as
Algert Global LLC,
Crestline Management LP,
Aptus Capital Advisors LLC and
Advanced Portfolio Management LLC increased their stakes, indicating an ongoing confidence in the company's long-term financial health. Several financial institutions, however, have reduced their price target for CLX due to these earnings concerns, with major names, including
JPMorgan,
Morgan Stanley,
Wells Fargo and
Barclays involved. While facing these challenges, CloroxPro, a division of Clorox, announced a new agreement with Vizient to supply a range of cleaning and disinfecting products. Moreover, Clorox CFO Kevin Jacobsen announced his retirement with Luc Bellet named as his successor.
Clorox Company CLX News Analytics from Fri, 09 Aug 2024 07:00:00 GMT to Sat, 10 May 2025 18:59:46 GMT -
Rating -5
- Innovation 2
- Rumor -1
