Brokerages expect Kimberly-Clark Corporation (NYSE:KMB) to post $4.67 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Kimberly-Clark Corporation’s earnings, with the highest sales estimate coming in at $4.68 billion and the lowest estimate coming in at $4.64 billion. Kimberly-Clark Corporation posted sales of $4.59 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The company is scheduled to announce its next earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Kimberly-Clark Corporation will report full year sales of $4.67 billion for the current financial year, with estimates ranging from $18.28 billion to $18.32 billion. For the next financial year, analysts expect that the business will report sales of $18.72 billion per share, with estimates ranging from $18.59 billion to $18.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Kimberly-Clark Corporation.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year.

KMB has been the topic of several recent analyst reports. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Wednesday, April 12th. Jefferies Group LLC initiated coverage on Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target on the stock. Vetr lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a research note on Tuesday, April 18th. B. Riley restated a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $133.14.

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Kimberly-Clark Corporation (NYSE KMB) opened at 121.32 on Monday. The firm has a market cap of $42.86 billion, a price-to-earnings ratio of 20.26 and a beta of 0.76. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The stock’s 50 day moving average price is $127.36 and its 200 day moving average price is $128.48.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.

In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Mielke sold 20,108 shares of Kimberly-Clark Corporation stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alethea Capital Management LLC increased its position in shares of Kimberly-Clark Corporation by 100.0% in the second quarter. Alethea Capital Management LLC now owns 10,000 shares of the company’s stock valued at $1,292,000 after buying an additional 5,000 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Kimberly-Clark Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after buying an additional 55,108 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Kimberly-Clark Corporation by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the last quarter. Apriem Advisors increased its position in shares of Kimberly-Clark Corporation by 5.9% in the second quarter. Apriem Advisors now owns 1,782 shares of the company’s stock valued at $230,000 after buying an additional 100 shares during the last quarter. Finally, Montag A & Associates Inc. increased its position in shares of Kimberly-Clark Corporation by 4.4% in the second quarter. Montag A & Associates Inc. now owns 13,799 shares of the company’s stock valued at $1,782,000 after buying an additional 587 shares during the last quarter. 70.89% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation 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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Earnings History and Estimates for Kimberly-Clark Corporation (NYSE:KMB)

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