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.
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