Brokerages Anticipate Kimberly Clark Corp (KMB) to Post $1.61 Earnings Per Share
Equities analysts expect Kimberly Clark Corp (NYSE:KMB) to report earnings per share of $1.61 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Kimberly Clark’s earnings. The highest EPS estimate is $1.66 and the lowest is $1.58. Kimberly Clark posted earnings of $1.59 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that Kimberly Clark will report full-year earnings of $6.66 per share for the current financial year, with EPS estimates ranging from $6.57 to $6.70. For the next year, analysts anticipate that the business will report earnings of $7.02 per share, with EPS estimates ranging from $6.96 to $7.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Kimberly Clark.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, April 22nd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share.
Shares of NYSE:KMB traded up $0.93 during trading on Wednesday, hitting $128.48. 14,567 shares of the company were exchanged, compared to its average volume of 1,817,893. The company has a market capitalization of $44.01 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 3.73 and a beta of 0.61. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.47 and a current ratio of 0.73. Kimberly Clark has a 1-year low of $99.36 and a 1-year high of $132.47.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.21%. Kimberly Clark’s dividend payout ratio is presently 62.33%.
In related news, insider Aaron Powell sold 6,986 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $127.02, for a total value of $887,361.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas J. Falk sold 303,578 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the completion of the sale, the insider now owns 83,717 shares in the company, valued at approximately $10,519,878.22. The disclosure for this sale can be found here. Insiders sold a total of 397,777 shares of company stock worth $50,121,049 in the last 90 days. 0.85% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of KMB. Vanguard Group Inc increased its stake in Kimberly Clark by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after buying an additional 264,393 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Kimberly Clark during the 4th quarter worth approximately $186,000. CX Institutional purchased a new stake in shares of Kimberly Clark during the 4th quarter worth approximately $541,000. DNB Asset Management AS increased its stake in shares of Kimberly Clark by 20.5% during the 4th quarter. DNB Asset Management AS now owns 56,695 shares of the company’s stock worth $6,460,000 after purchasing an additional 9,662 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its stake in shares of Kimberly Clark by 8.2% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,235 shares of the company’s stock worth $369,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 73.60% 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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