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MarketScreener Homepage  >  Equities  >  Nyse  >  The Clorox Company    CLX

THE CLOROX COMPANY

(CLX)
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Clorox : Company settles vitamin lead-level suit for $1.75M

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08/14/2019 | 06:50pm EDT

LOS ANGELES (AP) — A company that makes prenatal vitamins has agreed to pay $1.75 million to settle Los Angeles allegations that it falsely advertised their lead levels.

LA City Attorney Mike Feuer announced the settlement Wednesday with Rainbow Light Nutritional Systems and affiliated companies owned by The Clorox Company.

The office says Rainbow Light advertised the vitamins as being free of heavy metals and using materials with the "lowest detectable lead level" on the market but testing detected some metals, including lead.

Rainbow removed that advertising and agreed to new testing procedures that Feuer's office says will reduce lead levels going forward.

In a statement, Rainbow says its vitamins contain traces of heavy metals because they include plant- and mineral-based ingredients. But the company says the amounts are safely below state standards.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials (USD)
Sales 2020 6 305 M
EBIT 2020 1 139 M
Net income 2020 811 M
Debt 2020 2 572 M
Yield 2020 2,58%
P/E ratio 2020 25,2x
P/E ratio 2021 24,0x
EV / Sales2020 3,62x
EV / Sales2021 3,52x
Capitalization 20 232 M
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Technical analysis trends THE CLOROX COMPANY
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TrendsNeutralNeutralBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Average target price 150,56  $
Last Close Price 160,90  $
Spread / Highest target 11,9%
Spread / Average Target -6,42%
Spread / Lowest Target -20,4%
EPS Revisions
Managers
NameTitle
Benno O. Dorer Chairman & Chief Executive Officer
Kevin Jacobsen Chief Financial Officer & Executive Vice President
Jay McNulty Chief Information Officer & Senior VP
Robert W. Matschullat Independent Director
Carolyn M. Ticknor Independent Director
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