Kimberly-Clark (KMB) to Release Quarterly Earnings on Tuesday

Kimberly-Clark (NASDAQ:KMB) is expected to post its results before the market opens on Tuesday, January 27th. Analysts expect Kimberly-Clark to post earnings of $1.39 per share and revenue of $4.1073 billion for the quarter.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.83 EPS. On average, analysts expect Kimberly-Clark to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Kimberly-Clark Price Performance

KMB opened at $102.23 on Friday. The company’s 50-day simple moving average is $102.19 and its two-hundred day simple moving average is $116.40. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a market capitalization of $33.93 billion, a P/E ratio of 17.30, a P/E/G ratio of 3.92 and a beta of 0.26. Kimberly-Clark has a 52-week low of $96.26 and a 52-week high of $150.45.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.26 per share. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio is 85.28%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. TD Cowen cut their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Piper Sandler reduced their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Finally, Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 13th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $118.33.

Hedge Funds Weigh In On Kimberly-Clark

Several institutional investors and hedge funds have recently bought and sold shares of KMB. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the second quarter worth about $27,000. Turning Point Benefit Group Inc. bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $45,000. Triumph Capital Management bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $75,000. Measured Wealth Private Client Group LLC purchased a new stake in Kimberly-Clark in the 3rd quarter worth approximately $99,000. Finally, MUFG Securities EMEA plc bought a new stake in Kimberly-Clark during the 2nd quarter worth approximately $126,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.