Clorox Records New 52-Week High - Analyst Blog


The Clorox Company 's ( CLX ) strong revenue generating capabilities, impressive quarterly beats and upbeat outlook facilitated it to record a new 52-week high for the 2 nd consecutive week.

After attaining a 52-week high of $88.63 on Thursday, Mar 28, shares of this consumer products company further soared to touch a new high of $89.33 yesterday. Shares eventually closed at $89.17, rising 21.4% year to date. The company currently trades at a forward P/E of 20.58x, at par with the peer group average.

Alongside, companies like Tiffany & Co. ( TIF ), News Corporation ( NWSA ) and Avis Budget Group, Inc. ( CAR ) crafted new 52-week highs of $72.48, $31.13 and $29.53, respectively on Tuesday.

Clorox's diversified portfolio of brands positions it well to generate above-average industry growth amid a challenging environment. The company's rigorous research & development process, marketing strategies, financial control, and operating leverage further strengthen its brands and facilitate it to generate long-term profitability, which is well evident from its record of beating the quarterly earnings expectations.

If we look at the company earnings surprise history, Clorox has surpassed the Zacks Consensus Estimate in the last 9 quarters. In the last reported quarter, the company's earnings beat the Zacks Consensus Estimate by 11.1%.

Going forward, Clorox expects to sustain its growth momentum through market share gains and product innovation. The company raised its sales growth forecast to 3%-5% for fiscal 2013 from 2%-4% projected earlier.

In fiscal 2013, the company expects operating income margin to expand 25-50 basis points (bps) on the back of efficient cost savings, price increases and flat commodity costs. Further, Clorox raised its fiscal 2013 earnings guidance range to $4.25-$4.35 per share from the previous range of $4.20-$4.35.

Currently, shares of Clorox maintain a Zacks Rank #2 (Buy).

AVIS BUDGET GRP (CAR): Free Stock Analysis Report

CLOROX CO (CLX): Free Stock Analysis Report

NEWS CORP INC-A (NWSA): Free Stock Analysis Report

TIFFANY & CO (TIF): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: CAR , CLX , NWSA , TIF

More from

Related Videos

Renovating the Empty Nest
Renovating the Empty Nest           



Most Active by Volume

  • $2.23 ▲ 39.38%
  • $16.73 ▼ 0.06%
  • $2.02 ▼ 35.26%
  • $35.07 ▲ 1.30%
  • $93.88 ▲ 3.51%
  • $131.39 ▲ 1.02%
  • $27.72 ▲ 0.29%
  • $6.16 ▼ 0.96%
As of 5/21/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by