Kimberly-Clark (KMB) Expected to Post Earnings of $1.62 Per Share

Brokerages expect Kimberly-Clark (NYSE:KMB) to announce $1.62 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided 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 reported earnings of $1.49 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is expected to issue its next earnings results on Tuesday, July 24th.

On average, analysts expect that Kimberly-Clark will report full year earnings of $6.94 per share for the current financial year, with EPS estimates ranging from $6.90 to $7.00. For the next year, analysts anticipate that the firm will post earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.45. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Kimberly-Clark.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $4.60 billion. During the same period last year, the firm posted $1.57 EPS. Kimberly-Clark’s quarterly revenue was up 5.0% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $110.00 price objective (down from $115.00) on shares of Kimberly-Clark in a research report on Tuesday, April 24th. Barclays reiterated a “hold” rating and issued a $113.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, April 25th. Royal Bank of Canada reiterated an “in-line” rating on shares of Kimberly-Clark in a research report on Tuesday, April 24th. Finally, Citigroup set a $112.00 price objective on shares of Kimberly-Clark and gave the company a “sell” rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $119.33.

In related news, Director Robert W. Decherd bought 2,000 shares of the firm’s stock in a transaction on Tuesday, April 24th. The shares were bought at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the transaction, the director now owns 45,444 shares of the company’s stock, valued at $4,546,672.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. CNB Bank purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $105,000. Truewealth LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $123,000. Centerpoint Advisors LLC boosted its position in shares of Kimberly-Clark by 999.0% in the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after buying an additional 999 shares in the last quarter. Shamrock Asset Management LLC raised its stake 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 during the last quarter. Finally, Lee Financial Co raised its stake in Kimberly-Clark by 313.8% in the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after purchasing an additional 885 shares during the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.

Kimberly-Clark traded up $0.89, reaching $104.89, during midday trading on Wednesday, MarketBeat reports. The stock had a trading volume of 1,622,341 shares, compared to its average volume of 2,506,658. Kimberly-Clark has a 12-month low of $103.88 and a 12-month high of $105.02. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market cap of $36.61 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 2.12 and a beta of 0.66.

The business also recently announced 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 dividend yield of 3.81%. Kimberly-Clark’s payout ratio is currently 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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Earnings History and Estimates for Kimberly-Clark (NYSE:KMB)

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