Brokerages expect that Kimberly Clark Corp (NYSE:KMB) will report sales of $4.55 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kimberly Clark’s earnings, with the highest sales estimate coming in at $4.59 billion and the lowest estimate coming in at $4.52 billion. Kimberly Clark reported sales of $4.64 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.9%. The firm is expected to announce its next quarterly earnings report on Monday, October 22nd.

On average, analysts expect that Kimberly Clark will report full-year sales of $18.41 billion for the current year, with estimates ranging from $18.34 billion to $18.48 billion. For the next fiscal year, analysts expect that the company will report sales of $18.48 billion per share, with estimates ranging from $18.16 billion to $18.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Kimberly Clark.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share.

Several equities analysts recently issued reports on KMB shares. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $96.00 price target on shares of Kimberly Clark in a report on Friday, July 13th. Deutsche Bank raised their price target on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Societe Generale cut Kimberly Clark from a “buy” rating to a “hold” rating and decreased their price target for the company from $124.00 to $116.00 in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $106.54.

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

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Kovack Advisors Inc. lifted its holdings in shares of Kimberly Clark by 16.3% during the 2nd quarter. Kovack Advisors Inc. now owns 3,384 shares of the company’s stock valued at $356,000 after purchasing an additional 474 shares in the last quarter. Catawba Capital Management VA lifted its holdings in shares of Kimberly Clark by 2.3% during the 2nd quarter. Catawba Capital Management VA now owns 21,098 shares of the company’s stock valued at $2,222,000 after purchasing an additional 480 shares in the last quarter. Mackay Shields LLC lifted its holdings in shares of Kimberly Clark by 0.7% during the 2nd quarter. Mackay Shields LLC now owns 73,485 shares of the company’s stock valued at $7,741,000 after purchasing an additional 483 shares in the last quarter. Shamrock Asset Management LLC lifted its holdings in shares of Kimberly Clark by 44.1% during the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock valued at $167,000 after purchasing an additional 489 shares in the last quarter. Finally, ACG Wealth raised its position in Kimberly Clark by 19.2% in the 2nd quarter. ACG Wealth now owns 3,058 shares of the company’s stock valued at $322,000 after buying an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

Kimberly Clark stock opened at $116.45 on Friday. The stock has a market capitalization of $40.44 billion, a P/E ratio of 18.69, a PEG ratio of 2.63 and a beta of 0.69. Kimberly Clark has a 12-month low of $97.10 and a 12-month high of $123.77. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) 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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