Investing in reliable dividend stocks can be an excellent strategy for risk-averse investors.
Clorox (CLX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Clorox Co CLX is scheduled to report its quarterly earnings in early November.
CLX is poised for growth through recent market recovery, improved distribution channels, and innovation and expansion focus, amid inflation and cost headwinds.
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Jefferies analyst Kaumil Gajrawala upgraded Clorox Company CLX to Buy from Hold, raising the price forecast to $187 from $174.
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Clorox is a major FMCG player, operating in 25 territories and selling in 100 markets, with 80% sales from leading brands. Clorox's products are primarily sold through brick-and-mortar retail chains. Key brands include Clorox bleach, Pine-Sol, Tilex, Liquid-Plumr, Glad, Fresh Step, Kingsford, Hidden Valley, Brita, Burt's Bees, and various vitamins and supplements. The Company underperformed its peers in terms of business scale changes and profitability.
CLX looks poised for growth through recent recovery, improved distribution channels, and focus on innovation and expansion, amid inflation and cost headwinds.
Clorox completes the divestiture of its Better Health VMS business. The company's IGNITE strategy also bodes well.
The Clorox Company (NYSE:CLX ) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 3:00 PM ET Company Participants Linda Rendle - Chair and Chief Executive Officer Kevin Jacobsen - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Bank PLC Lauren Lieberman Let us get started. So I'm really happy to be welcoming The Clorox Company.
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