Kimberly Clark Corp to Post Q1 2017 Earnings of $1.57 Per Share, Jefferies Group Forecasts (KMB)
Kimberly Clark Corp (NYSE:KMB) – Jefferies Group issued their Q1 2017 earnings per share estimates for Kimberly Clark Corp in a research note issued on Tuesday. Jefferies Group analyst K. Grundy expects that the company will post earnings of $1.57 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $134.00 target price on the stock. Jefferies Group also issued estimates for Kimberly Clark Corp’s Q2 2017 earnings at $1.53 EPS, Q3 2017 earnings at $1.61 EPS and Q4 2017 earnings at $1.64 EPS.
Several other research analysts have also recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Wednesday, April 12th. B. Riley reiterated a “neutral” rating and set a $128.00 target price on shares of Kimberly Clark Corp in a report on Wednesday, January 25th. Vetr cut shares of Kimberly Clark Corp from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a report on Tuesday. Royal Bank of Canada set a $118.00 target price on shares of Kimberly Clark Corp and gave the stock a “hold” rating in a report on Monday, January 2nd. Finally, Barclays PLC set a $135.00 target price on shares of Kimberly Clark Corp and gave the stock a “hold” rating in a report on Saturday, February 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Kimberly Clark Corp has an average rating of “Hold” and a consensus price target of $133.58.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at 133.19 on Thursday. The company has a market cap of $47.45 billion, a price-to-earnings ratio of 22.24 and a beta of 0.65. The stock’s 50 day moving average is $132.94 and its 200-day moving average is $122.04. Kimberly Clark Corp has a 52 week low of $111.30 and a 52 week high of $138.87.
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Kimberly Clark Corp (NYSE:KMB) last announced its earnings results on Tuesday, January 24th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly Clark Corp had a net margin of 11.90% and a return on equity of 614.22%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS.
Hedge funds have recently added to or reduced their stakes in the stock. Bollard Group LLC boosted its stake in Kimberly Clark Corp by 15.8% in the first quarter. Bollard Group LLC now owns 23,815 shares of the company’s stock worth $3,135,000 after buying an additional 3,254 shares in the last quarter. Ledyard National Bank raised its position in shares of Kimberly Clark Corp by 12.9% in the first quarter. Ledyard National Bank now owns 46,353 shares of the company’s stock valued at $6,101,000 after buying an additional 5,308 shares during the last quarter. Alta Capital Management LLC raised its position in shares of Kimberly Clark Corp by 0.6% in the first quarter. Alta Capital Management LLC now owns 14,035 shares of the company’s stock valued at $1,847,000 after buying an additional 88 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Kimberly Clark Corp by 6.3% in the first quarter. Nisa Investment Advisors LLC now owns 156,335 shares of the company’s stock valued at $20,578,000 after buying an additional 9,326 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Kimberly Clark Corp by 21.3% in the first quarter. NewSquare Capital LLC now owns 8,978 shares of the company’s stock valued at $1,182,000 after buying an additional 1,579 shares during the last quarter. Institutional investors and hedge funds own 68.65% of the company’s stock.
In other news, insider Kimberly K. Underhill sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $120.95, for a total value of $483,800.00. Following the sale, the insider now directly owns 17,912 shares in the company, valued at approximately $2,166,456.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th were issued a $0.97 dividend. This is a boost from Kimberly Clark Corp’s previous quarterly dividend of $0.92. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, March 8th. Kimberly Clark Corp’s dividend payout ratio (DPR) is currently 61.54%.
Kimberly Clark Corp Company Profile
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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