Zacks: Analysts Anticipate Kimberly Clark Corp (KMB) Will Announce Earnings of $1.54 Per Share

Wall Street analysts expect that Kimberly Clark Corp (NYSE:KMB) will announce earnings per share (EPS) of $1.54 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kimberly Clark’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.56. Kimberly Clark reported earnings per share of $1.45 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, January 23rd.

According to Zacks, analysts expect that Kimberly Clark will report full-year earnings of $6.20 per share for the current year, with EPS estimates ranging from $6.19 to $6.22. For the next fiscal year, analysts forecast that the company will report earnings of $6.56 per share, with EPS estimates ranging from $6.33 to $6.95. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS.

Several brokerages recently weighed in on KMB. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research report on Wednesday, January 10th. Barclays restated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Finally, Citigroup downgraded Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $126.50.

Shares of Kimberly Clark (KMB) traded up $0.15 during mid-day trading on Wednesday, hitting $115.49. The company had a trading volume of 2,589,763 shares, compared to its average volume of 2,160,000. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly Clark has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a market cap of $40,620.00, a P/E ratio of 19.06, a P/E/G ratio of 2.83 and a beta of 0.75.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. Kimberly Clark’s payout ratio is presently 64.03%.

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Private Trust Co. NA increased its holdings in Kimberly Clark by 4.4% in the 2nd quarter. Private Trust Co. NA now owns 8,117 shares of the company’s stock worth $1,047,000 after purchasing an additional 343 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in Kimberly Clark by 4.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 10,699 shares of the company’s stock worth $1,381,000 after purchasing an additional 427 shares in the last quarter. F&V Capital Management LLC increased its stake in shares of Kimberly Clark by 1.3% in the second quarter. F&V Capital Management LLC now owns 40,425 shares of the company’s stock valued at $5,219,000 after buying an additional 520 shares during the period. Johanson Financial Advisors Inc. acquired a new stake in shares of Kimberly Clark in the second quarter valued at about $250,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at about $211,000. 71.46% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://weekherald.com/2018/01/20/zacks-analysts-anticipate-kimberly-clark-corp-kmb-will-announce-earnings-of-1-54-per-share.html.

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.

Get a free copy of the Zacks research report on Kimberly Clark (KMB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kimberly Clark (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply