Kimberly Clark (KMB) Releases FY18 Earnings Guidance

Kimberly Clark (NYSE:KMB) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.90-7.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.63. The company issued revenue guidance of +1-2% to ~$18.44-18.62 billion, compared to the consensus revenue estimate of $18.65 billion.

Shares of Kimberly Clark (NYSE KMB) traded up $0.07 during trading hours on Wednesday, hitting $112.73. The stock had a trading volume of 1,680,000 shares, compared to its average volume of 2,900,000. Kimberly Clark has a twelve month low of $109.51 and a twelve month high of $136.21. The stock has a market capitalization of $39,540.00, a P/E ratio of 17.61, a P/E/G ratio of 2.06 and a beta of 0.66. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. research analysts forecast that Kimberly Clark will post 6.98 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is currently 60.63%.

Several research analysts recently commented on the company. Zacks Investment Research upgraded Kimberly Clark from a hold rating to a buy rating and set a $134.00 price target on the stock in a research note on Wednesday, January 10th. Citigroup set a $112.00 price target on Kimberly Clark and gave the stock a sell rating in a research note on Wednesday, January 24th. Bank of America lowered their price objective on Kimberly Clark from $123.00 to $120.00 and set a neutral rating for the company in a report on Tuesday, October 24th. Barclays reissued a hold rating on shares of Kimberly Clark in a report on Thursday, October 26th. Finally, Wells Fargo & Co lowered their target price on Kimberly Clark from $121.00 to $117.00 and set a market perform rating for the company in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $126.44.

In other news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

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About Kimberly Clark

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Earnings History and Estimates for Kimberly Clark (NYSE:KMB)

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