Kimberly-Clark Corporation (KMB) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Kimberly-Clark Corporation (NYSE:KMB) posted its quarterly earnings data on Monday. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06, Bloomberg Earnings reports. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.44% during mid-day trading on Tuesday, reaching $112.04. 3,063,545 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $117.91 and a 200-day moving average price of $124.69. Kimberly-Clark Corporation has a 52 week low of $110.33 and a 52 week high of $136.21. The stock has a market cap of $39.58 billion, a P/E ratio of 18.71 and a beta of 0.76.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
Several research firms recently weighed in on KMB. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $122.00 price objective (down previously from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Finally, UBS AG downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $126.73.
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In related news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.
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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