Brokerages Anticipate Kimberly Clark Corp (KMB) Will Announce Earnings of $1.60 Per Share

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Equities analysts expect that Kimberly Clark Corp (NYSE:KMB) will announce earnings per share (EPS) of $1.60 for the current quarter, Zacks reports. Four analysts have issued estimates for Kimberly Clark’s earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.66. Kimberly Clark reported earnings per share of $1.49 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The business is expected to issue its next earnings report before the market opens on Tuesday, July 24th.

On average, analysts expect that Kimberly Clark will report full year earnings of $6.86 per share for the current fiscal year, with EPS estimates ranging from $6.66 to $7.00. For the next year, analysts forecast that the company will post earnings of $7.12 per share, with EPS estimates ranging from $6.99 to $7.30. Zacks’ EPS averages are an average based on a survey of analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. Kimberly Clark had a return on equity of 398.41% and a net margin of 9.77%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis.

Several brokerages have recently weighed in on KMB. Zacks Investment Research cut Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Sanford C. Bernstein reiterated a “market perform” rating and set a $110.00 price target (down from $115.00) on shares of Kimberly Clark in a research report on Tuesday, April 24th. ValuEngine cut shares of Kimberly Clark from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Barclays restated a “hold” rating and issued a $113.00 price objective on shares of Kimberly Clark in a research report on Wednesday, April 25th. Finally, Morgan Stanley began coverage on shares of Kimberly Clark in a research report on Thursday. They issued an “underweight” rating and a $94.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $113.64.

Shares of KMB traded up $2.91 during midday trading on Wednesday, hitting $103.88. 2,535,308 shares of the company traded hands, compared to its average volume of 2,460,279. Kimberly Clark has a one year low of $97.10 and a one year high of $134.29. The stock has a market cap of $35.27 billion, a PE ratio of 16.67, a P/E/G ratio of 2.11 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 10.96.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, June 7th. Kimberly Clark’s dividend payout ratio is currently 64.21%.

In other Kimberly Clark news, SVP Sandra Macquillan sold 3,045 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $105.63, for a total value of $321,643.35. Following the completion of the sale, the senior vice president now owns 5,642 shares of the company’s stock, valued at $595,964.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert W. Decherd bought 2,000 shares of the business’s stock in a transaction on Tuesday, April 24th. The stock was purchased at an average cost of $100.05 per share, with a total value of $200,100.00. Following the purchase, 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. 0.64% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Profund Advisors LLC boosted its stake in Kimberly Clark by 5.2% in the fourth quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock worth $1,090,000 after buying an additional 445 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in Kimberly Clark by 1.9% in the fourth quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock worth $2,883,000 after buying an additional 454 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in Kimberly Clark by 1.7% in the fourth quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock worth $3,224,000 after buying an additional 457 shares in the last quarter. Shamrock Asset Management LLC boosted its stake in Kimberly Clark by 44.1% in the first quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after buying an additional 489 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in Kimberly Clark by 1.2% in the fourth quarter. Segall Bryant & Hamill LLC now owns 41,666 shares of the company’s stock worth $5,027,000 after buying an additional 500 shares in the last quarter. 73.28% of the stock is owned by institutional investors and hedge funds.

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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