NYSE:CLXHousehold Products
Clorox (CLX) Net Margin More Than Doubles, Undercuts Bearish Views on Earnings Quality
Clorox (CLX) delivered standout results this year, posting 121.6% earnings growth that sharply reverses its five-year trend of -14.8% per year. The company’s net profit margin jumped to 11.7% from 4.8% last year, underlining a significant rise in profitability. While forecasts show earnings growing at 5.6% per year and revenue at 2.2% per year, both below the US market, investors will note the current 17x Price-to-Earnings ratio sits under peer and industry averages, and shares trade well...