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clorox reports quarterly revenue decline and announces dividend payment
Deutsche Bank AG increased its stake in The Clorox Company by 14% in Q4, owning 654,198 shares valued at $106.2 million. Clorox reported a quarterly EPS of $1.45, missing estimates, with revenue down 8% year-over-year. The company also declared a quarterly dividend of $1.22, yielding 3.62%.
clorox faces analyst downgrades and mixed investor sentiment in market
Hedge funds and institutional investors hold 78.53% of Clorox's stock, which has recently faced a series of downgrades from analysts, with Barclays cutting its target price to $129.00. The company reported a quarterly EPS of $1.45, missing estimates, and revenue declined by 8% year-over-year. Analysts maintain a consensus rating of "Hold" with a target price of $152.38.
deutsche bank lowers clorox price target while maintaining hold rating
Deutsche Bank has lowered its price target for Clorox to $150 from $166 while maintaining a hold rating. Clorox, a leader in consumer products, generates 53% of its net sales from home maintenance and laundry products, 27.5% from household items, and 16.4% from international activities, with the U.S. accounting for 83.6% of total sales.
barclays lowers clorox company price target to 139 from 140
Barclays has adjusted its price target for Clorox Company to $139 from $140. Clorox is a leading producer of consumer products, with net sales primarily from home maintenance and laundry products (53%), followed by household products (27.5%) and other categories (3.1%). The U.S. market represents 83.6% of its net sales.
BNP Paribas Exane has revised its price target for Clorox to $141 from $146 while maintaining an underperform rating. Clorox, a leader in consumer products, generates 53% of its net sales from home maintenance and laundry products, with significant contributions from household products (27.5%) and other categories (3.1%). The U.S. market represents 83.6% of its total sales.
consumer healthcare market poised for rapid growth driven by digital innovations
The consumer healthcare market is projected to grow significantly, reaching $1,476.45 billion by 2028, with a CAGR of 22.1%. Key drivers include an aging population, increased reliance on OTC medications, and the rise of e-commerce. Major players like Johnson & Johnson and Sanofi are adapting to trends in digital health and personalized care solutions.
Clorox CEO outlines recovery strategy following significant cyberattack disruption
Clorox CEO Linda Rendle detailed the company's recovery from a significant cyberattack that disrupted production and led to a loss of market share. The company has since restored distribution and regained most of its market share through investments in advertising and innovation. While the cat litter brand Fresh Step faced challenges, it is rebounding, and Rendle indicated potential future acquisitions as the deal market begins to heat up.
collagen supplement market poised for significant growth through 2030
The collagen supplement market, valued at $1.8 billion in 2022, is projected to grow at a CAGR of 8.2% through 2030, driven by rising health awareness and beauty trends. Pills and gummies dominated the market, while pharmacies emerged as the leading distribution channel. North America leads in demand, fueled by an aging population and a focus on natural wellness solutions.
clorox raises profit outlook as advertising boosts sales and market share
Clorox Co. has raised its annual profit guidance to as much as $6.90 per share, up from a previous forecast of $6.80, following a boost in advertising that helped the company regain market share lost due to a cyberattack last year. Analysts had estimated earnings of $6.65. The company maintained its guidance for revenue and organic sales.
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