Analysts expect that Kimberly-Clark (NYSE:KMB) will post $1.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Kimberly-Clark’s earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.66. Kimberly-Clark posted earnings of $1.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Kimberly-Clark will report full year earnings of $6.94 per share for the current year, with EPS estimates ranging from $6.90 to $7.00. For the next year, analysts anticipate that the company will post earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Kimberly-Clark.
Get Kimberly-Clark alerts:Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, hitting the consensus estimate of $1.71. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis.
Several research analysts recently issued reports on KMB shares. Zacks Investment Research upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Tuesday, April 3rd. TheStreet lowered shares of Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Barclays set a $119.00 target price on shares of Kimberly-Clark and gave the stock a “hold” rating in a research report on Thursday, March 15th. Royal Bank of Canada reiterated an “in-line” rating on shares of Kimberly-Clark in a research report on Tuesday, April 24th. Finally, Wells Fargo & Co cut their target price on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating for the company in a research report on Thursday, April 19th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $119.33.
In other Kimberly-Clark news, SVP Sandra Macquillan sold 3,045 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total transaction of $321,643.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Decherd purchased 2,000 shares of the business’s stock in a transaction on Tuesday, April 24th. The shares were acquired at an average price of $100.05 per share, with a total value of $200,100.00. Following the completion of the transaction, the director now owns 45,444 shares of the company’s stock, valued at $4,546,672.20. The disclosure for this purchase can be found here. Corporate insiders own 0.64% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Violich Capital Management Inc. raised its stake in Kimberly-Clark by 33.0% in the third quarter. Violich Capital Management Inc. now owns 23,834 shares of the company’s stock worth $2,805,000 after buying an additional 5,920 shares in the last quarter. Patten Group Inc. increased its stake in shares of Kimberly-Clark by 4.1% during the third quarter. Patten Group Inc. now owns 76,959 shares of the company’s stock valued at $7,805,000 after purchasing an additional 3,017 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its stake in shares of Kimberly-Clark by 511.6% during the third quarter. Beacon Investment Advisory Services Inc. now owns 18,140 shares of the company’s stock valued at $2,134,000 after purchasing an additional 15,174 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Kimberly-Clark by 36.0% during the third quarter. Cubist Systematic Strategies LLC now owns 14,835 shares of the company’s stock valued at $1,746,000 after purchasing an additional 3,929 shares in the last quarter. Finally, Cambria Investment Management L.P. increased its stake in shares of Kimberly-Clark by 199.2% during the third quarter. Cambria Investment Management L.P. now owns 45,150 shares of the company’s stock valued at $5,313,000 after purchasing an additional 30,062 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.
Kimberly-Clark traded down $0.23, hitting $104.55, during midday trading on Wednesday, Marketbeat.com reports. The company had a trading volume of 1,854,269 shares, compared to its average volume of 2,481,302. Kimberly-Clark has a 52-week low of $97.10 and a 52-week high of $134.29. The firm has a market capitalization of $36.58 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.12 and a beta of 0.66. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 annualized dividend and a yield of 3.83%. Kimberly-Clark’s payout ratio is 64.21%.
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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