Kimberly-Clark Corporation (KMB) Scheduled to Post Earnings on Monday
Kimberly-Clark Corporation (NYSE:KMB) is scheduled to be releasing its earnings data before the market opens on Monday, October 23rd. Analysts expect Kimberly-Clark Corporation to post earnings of $1.55 per share for the quarter.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. On average, analysts expect Kimberly-Clark Corporation to post $6.21 EPS for the current fiscal year and $6.60 EPS for the next fiscal year.
Kimberly-Clark Corporation (NYSE KMB) opened at 113.44 on Friday. The company has a 50-day moving average of $118.38 and a 200-day moving average of $125.07. The company has a market cap of $40.08 billion, a P/E ratio of 18.94 and a beta of 0.76. Kimberly-Clark Corporation has a 52-week low of $110.33 and a 52-week high of $136.21.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.42%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. UBS AG reiterated a “neutral” rating and issued a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research note on Thursday, July 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $128.46.
About Kimberly-Clark Corporation
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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