Analysts Expect Kimberly Clark Corp (KMB) Will Post Quarterly Sales of $4.60 Billion

Equities research analysts expect Kimberly Clark Corp (NYSE:KMB) to post sales of $4.60 billion for the current quarter, Zacks reports. Four analysts have made estimates for Kimberly Clark’s earnings, with the highest sales estimate coming in at $4.61 billion and the lowest estimate coming in at $4.59 billion. Kimberly Clark posted sales of $4.54 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, January 23rd.

On average, analysts expect that Kimberly Clark will report full-year sales of $4.60 billion for the current year, with estimates ranging from $18.26 billion to $18.29 billion. For the next financial year, analysts expect that the company will post sales of $18.60 billion per share, with estimates ranging from $18.59 billion to $18.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research note on Wednesday, January 10th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and increased their price objective for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Finally, Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research note on Monday, December 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Kimberly Clark presently has a consensus rating of “Hold” and a consensus price target of $126.50.

A number of institutional investors have recently bought and sold shares of KMB. San Francisco Sentry Investment Group CA grew its holdings in shares of Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after buying an additional 954 shares during the last quarter. Heritage Trust Co grew its holdings in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Armbruster Capital Management Inc. grew its holdings in shares of Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

Shares of Kimberly Clark (NYSE KMB) traded down $1.32 during midday trading on Friday, hitting $115.34. The stock had a trading volume of 2,567,700 shares, compared to its average volume of 2,523,492. The firm has a market capitalization of $40,570.00, a PE ratio of 19.03, a P/E/G ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark has a twelve month low of $109.67 and a twelve month high of $136.21.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio is presently 64.03%.

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Kimberly Clark 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 (NYSE:KMB)

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