Kimberly Clark (KMB) Releases FY 2018 Earnings Guidance

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Kimberly Clark (NYSE:KMB) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $6.60-6.80 for the period, compared to the Thomson Reuters consensus estimate of $6.64. Kimberly Clark also updated its FY18 guidance to $6.60-6.80 EPS.

NYSE KMB opened at $106.40 on Tuesday. Kimberly Clark has a 52 week low of $97.10 and a 52 week high of $123.77. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. The firm has a market cap of $38.32 billion, a PE ratio of 17.08, a P/E/G ratio of 2.55 and a beta of 0.70.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts expect that Kimberly Clark will post 6.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.76%. Kimberly Clark’s dividend payout ratio is presently 64.21%.

KMB has been the subject of a number of recent analyst reports. Goldman Sachs Group downgraded Kimberly Clark from a buy rating to a neutral rating and set a $119.00 price objective for the company. in a research report on Monday, October 8th. Bank of America raised their price objective on Kimberly Clark from $110.00 to $120.00 and gave the stock a neutral rating in a research report on Thursday, September 6th. Deutsche Bank downgraded Kimberly Clark from a hold rating to a sell rating and set a $99.00 price objective for the company. in a research report on Wednesday, October 10th. ValuEngine raised Kimberly Clark from a sell rating to a hold rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised Kimberly Clark from a sell rating to a hold rating in a research report on Wednesday, August 8th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Kimberly Clark presently has an average rating of Hold and an average target price of $105.71.

In other news, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the transaction, the insider now directly owns 1,117 shares of the company’s stock, valued at $118,357.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the transaction, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Kimberly Clark Company Profile

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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