The Clorox Co (NYSE: CLX) has reported earnings for its fourth fiscal quarter (ending June 30) of $1.74 versus $1.43 for the same period a year ago. E.P.S. were $2.26 for the latest four quarters through June 30 versus $1.21 for the same period a year ago.
Recent Price Action
The Clorox Co (NYSE: CLX) stock increased 1.7% on 8/1/24. The shares closed at $134.14. Moreover, trading volume in this advance was exceptionally high at 213% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CLX is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Clorox has a neutral Appreciation Score of 47 and a neutral Power Rating of 53, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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