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Clorox (NYSE:CLX) reported quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.65 by 0.61 percent. This is a 42.16 percent decrease over earnings of $2.87 per share from the same period
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Investors turn to dividend-yielding stocks during market turbulence. Benzinga provides latest analyst ratings and accurate picks for high-yielding consumer staples stocks.
Read original at benzingaClorox has increased its dividend for the 49th consecutive year and is positioned as an attractive value stock for income investors. The company's acquisition of Purell, completion of its ERP system overhaul, and strong projected free cash flow generation support its dividend sustainability. Despite challenging consumer spending conditions, Clorox trades at a valuation of 16.8x fiscal 2027 earnings guidance and is on track to become a Dividend King in 2027.
Read original at the-motley-foolUBS analyst Peter Grom maintains Clorox (NYSE:CLX) with a Neutral and raises the price target from $100 to $105.
Read original at benzingaJP Morgan analyst Andrea Teixeira maintains Clorox (NYSE:CLX) with a Underweight and raises the price target from $92 to $95.
Read original at benzinga