Equities analysts expect Kimberly Clark Corp (NYSE:KMB) to post $4.59 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Kimberly Clark’s earnings, with the highest sales estimate coming in at $4.64 billion and the lowest estimate coming in at $4.53 billion. Kimberly Clark posted sales of $4.48 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The firm is scheduled to issue its next earnings report on Monday, April 23rd.
On average, analysts expect that Kimberly Clark will report full year sales of $4.59 billion for the current year, with estimates ranging from $18.52 billion to $18.67 billion. For the next financial year, analysts anticipate that the company will post sales of $18.90 billion per share, with estimates ranging from $18.61 billion to $19.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Kimberly Clark.
Kimberly Clark (NYSE:KMB) last released its quarterly 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 analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS.
In related 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 value of $2,773,633.66. Following the sale, the insider now owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Martin Investment Management LLC purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $443,000. Capital Research Global Investors raised its holdings in Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares during the last quarter. Andra AP fonden raised its holdings in Kimberly Clark by 15.0% in the 3rd quarter. Andra AP fonden now owns 120,700 shares of the company’s stock worth $14,204,000 after acquiring an additional 15,700 shares during the last quarter. Alps Advisors Inc. raised its holdings in Kimberly Clark by 5.4% in the 3rd quarter. Alps Advisors Inc. now owns 384,600 shares of the company’s stock worth $45,260,000 after acquiring an additional 19,587 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in Kimberly Clark by 1.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 5,657 shares of the company’s stock worth $735,000 after acquiring an additional 63 shares during the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark (NYSE:KMB) opened at $111.94 on Thursday. The firm has a market capitalization of $40,138.34, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.66. 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 fifty-two week low of $109.51 and a fifty-two week high of $136.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is 60.53%.
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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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