Wall Street brokerages forecast that Kimberly-Clark (NYSE:KMB) will announce earnings of $1.71 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Kimberly-Clark’s earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.66. Kimberly-Clark reported earnings per share of $1.57 during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The company is expected to report its next earnings results before the market opens on Monday, April 23rd.
On average, analysts expect that Kimberly-Clark will report full-year earnings of $6.96 per share for the current year, with EPS estimates ranging from $6.82 to $7.05. For the next year, analysts expect that the firm will post earnings of $7.34 per share, with EPS estimates ranging from $7.22 to $7.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Kimberly-Clark.
Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. Kimberly-Clark had a return on equity of 427.79% and a net margin of 12.48%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS.
KMB has been the subject of several research reports. Zacks Investment Research cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Citigroup set a $112.00 target price on Kimberly-Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Barclays set a $119.00 target price on Kimberly-Clark and gave the company a “hold” rating in a report on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $124.63.
Shares of KMB traded down $0.21 during trading hours on Thursday, hitting $106.60. 1,747,904 shares of the stock were exchanged, compared to its average volume of 2,399,280. 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 has a 12-month low of $104.58 and a 12-month high of $134.29. The stock has a market capitalization of $37,118.75, a price-to-earnings ratio of 17.07, a PEG ratio of 2.02 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.75%. Kimberly-Clark’s dividend payout ratio is currently 64.21%.
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 transaction, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. CNB Bank acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $105,000. San Francisco Sentry Investment Group CA raised its position in Kimberly-Clark by 2,385.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after purchasing an additional 954 shares in the last quarter. Truewealth LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $123,000. Shamrock Asset Management LLC raised its position in Kimberly-Clark by 220.5% in the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after purchasing an additional 763 shares in the last quarter. Finally, Aevitas Wealth Management Inc. acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $156,000. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corp. is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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