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February 4, 2013
14:33 EDTCLXClorox increasingly confident in 2H13 outlook
On the company's Q2 earnings conference call, Clorox (CLX) CEO Don Knauss said based on the 5% sales and 10% EPS growth in 1H13, continued growth in all categories, and a pipeline of second half product innovation, he felt "more optimistic about the full year outlook." For FY13, Clorox anticipates free cash flow of 9%-10% of sales. The company continues to expect EBIT margin will increase by 25-50 bps for FY13, reflecting strong cost savings and the benefit of price increases. Commodity costs are estimated to be about flat versus the prior year. Capital expenditures are expected to be approximately $200M-$210M. Management did note that its updated FY13 outlook reflects a range of 5c-10c of diluted earnings per share impact from an expected currency devaluation in Venezuela and the continued difficulty of taking pricing in that country. Overall, management is increasingly bullish on the company's prospects for the second half of FY13.
News For CLX From The Last 14 Days
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July 31, 2015
13:12 EDTCLXClorox technical comments before earnings
The key technical feature on the long-term chart is a potential double top pattern. Price is currently close to the top of the second peak at the $112 area. If the news is bearish, this pattern could become active. The $103.50 area is the approximate midpoint for the pattern. A breakdown below that support would see additional downside objectives at $99.47, $97.01, and $94.97. If the news is instead a bullish surprise, with price so close to the life high at $112.70 we could see a breakout. In that event the potential double top pattern will have been a consolidation range. And based on the height of the range, a move to the $120 area would be possible.
July 21, 2015
10:01 EDTCLXOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:39 EDTCLXClorox initiated with a Buy at Sterne Agee CRT
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