Kimberly-Clark Corp. (KMB) Updates FY13 Earnings Guidance
Kimberly-Clark Corp. (NYSE:KMB) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.65-5.75 for the period, compared to the Thomson Reuters consensus estimate of $5.69, Stock Ratings Network reports.
Kimberly-Clark Corp. (NYSE:KMB) opened at 98.83 on Tuesday. Kimberly-Clark Corp. has a 52 week low of $82.15 and a 52 week high of $106.54. The stock’s 50-day moving average is $95.35 and its 200-day moving average is $98.3. The company has a market cap of $37.856 billion and a price-to-earnings ratio of 21.01.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings data on Tuesday, October 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Corp. will post $5.68 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on KMB shares. Analysts at Wells Fargo & Co. initiated coverage on shares of Kimberly-Clark Corp. in a research note to investors on Monday, October 7th. They set a market perform rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Kimberly-Clark Corp. in a research note to investors on Thursday, August 29th. They now have a $97.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Kimberly-Clark Corp. from $92.00 to $95.00 in a research note to investors on Wednesday, July 24th. They now have a neutral rating on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Kimberly-Clark Corp. currently has an average rating of Hold and an average target price of $98.54.
Kimberly-Clark Corporation (NYSE:KMB) is a global company focused on the world in essentials for a better life through product innovation and building its personal care, consumer tissue, K C professional and health care brands.
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