New Lifetime High Reached: Clorox (CLX)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Clorox as such a stock due to the following factors:
- CLX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $187.3 million.
- CLX has traded 30,089 shares today.
- CLX is trading at a new lifetime high.
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More details on CLX:
The Clorox Company manufactures and markets consumer and professional products worldwide. The company operates through four segments: Cleaning, Household, Lifestyle, and International. The stock currently has a dividend yield of 2.3%. CLX has a PE ratio of 27. Currently there are no analysts that rate Clorox a buy, 5 analysts rate it a sell, and 8 rate it a hold.
The average volume for Clorox has been 1.1 million shares per day over the past 30 days. Clorox has a market cap of $17.7 billion and is part of the consumer goods sector and consumer durables industry. The stock has a beta of 0.33 and a short float of 4.3% with 4.10 days to cover. Shares are up 8.1% year-to-date as of the close of trading on Friday.
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Analysis:
rates Clorox as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 10.5%. Since the same quarter one year prior, revenues slightly increased by 1.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 33.04% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- CLOROX CO/DE has improved earnings per share by 12.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CLOROX CO/DE increased its bottom line by earning $4.59 versus $4.39 in the prior year. This year, the market expects an improvement in earnings ($4.95 versus $4.59).
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Household Products industry and the overall market, CLOROX CO/DE's return on equity significantly exceeds that of both the industry average and the S&P 500.
- You can view the full Clorox Ratings Report.
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