Brokerages predict that Kimberly Clark Corp (NYSE:KMB) will announce $4.60 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Kimberly Clark’s earnings. The highest sales estimate is $4.66 billion and the lowest is $4.53 billion. Kimberly Clark reported sales of $4.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The firm is scheduled to report its next earnings report before the market opens on Monday, April 23rd.
On average, analysts expect that Kimberly Clark will report full year sales of $4.60 billion for the current fiscal year, with estimates ranging from $18.52 billion to $18.76 billion. For the next year, analysts anticipate that the business will post sales of $18.92 billion per share, with estimates ranging from $18.61 billion to $19.15 billion. Zacks’ sales calculations 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, January 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis.
KMB has been the topic of a number of research reports. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research note on Monday, December 11th. Deutsche Bank initiated coverage on Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock. 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. Finally, Barclays set a $119.00 price target on Kimberly Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $124.56.
NYSE:KMB traded down $3.04 during trading hours on Wednesday, reaching $107.09. 1,986,210 shares of the stock were exchanged, compared to its average volume of 2,477,742. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. Kimberly Clark has a twelve month low of $104.58 and a twelve month high of $134.29. The stock has a market capitalization of $38,623.29, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio is currently 64.21%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the company’s 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 sale, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after buying an additional 1,212,672 shares during the last quarter. Capital Research Global Investors increased its holdings in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Kimberly Clark by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after buying an additional 45,468 shares during the last quarter. American International Group Inc. increased its holdings in Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after buying an additional 4,229,240 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Kimberly Clark by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,376,355 shares of the company’s stock valued at $528,051,000 after buying an additional 470,630 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.
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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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