Analysts forecast that Kimberly Clark Corp (NYSE:KMB) will announce earnings of $1.79 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Kimberly Clark’s earnings, with the lowest EPS estimate coming in at $1.75 and the highest estimate coming in at $1.87. Kimberly Clark reported earnings per share of $1.71 during the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is scheduled to report its next quarterly earnings results on Monday, October 28th.
According to Zacks, analysts expect that Kimberly Clark will report full year earnings of $6.79 per share for the current fiscal year, with EPS estimates ranging from $6.76 to $6.84. For the next fiscal year, analysts forecast that the business will post earnings of $7.16 per share, with EPS estimates ranging from $7.01 to $7.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Kimberly Clark.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the firm posted $1.59 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis.
KMB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Bank of America restated a “neutral” rating and set a $143.00 target price (up previously from $135.00) on shares of Kimberly Clark in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $130.20.
In other news, insider Aaron Powell sold 3,964 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the transaction, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP J. Scott Boston sold 4,834 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total transaction of $658,680.84. Following the completion of the transaction, the senior vice president now owns 11,901 shares in the company, valued at approximately $1,621,630.26. The disclosure for this sale can be found here. Insiders sold 44,584 shares of company stock worth $6,242,483 over the last three months. Insiders own 0.85% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC purchased a new position in Kimberly Clark during the second quarter valued at $25,000. HMS Capital Management LLC bought a new stake in Kimberly Clark during the second quarter valued at about $28,000. SRS Capital Advisors Inc. bought a new stake in Kimberly Clark during the second quarter valued at about $33,000. Phocas Financial Corp. purchased a new stake in Kimberly Clark in the second quarter worth about $33,000. Finally, Manchester Financial Inc. purchased a new stake in Kimberly Clark in the second quarter worth about $34,000. Institutional investors own 71.88% of the company’s stock.
Shares of Kimberly Clark stock traded up $0.76 on Friday, reaching $131.91. The company’s stock had a trading volume of 2,562,328 shares, compared to its average volume of 1,748,220. Kimberly Clark has a 52 week low of $100.32 and a 52 week high of $143.16. The firm’s fifty day simple moving average is $138.52 and its two-hundred day simple moving average is $130.49. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. The company has a market capitalization of $45.86 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 3.57 and a beta of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s dividend payout ratio is 62.33%.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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