Kimberly Clark Corp (KMB) Expected to Post Quarterly Sales of $4.59 Billion

Equities research analysts predict that Kimberly Clark Corp (NYSE:KMB) will post $4.59 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Kimberly Clark’s earnings, with estimates ranging from $4.53 billion to $4.64 billion. Kimberly Clark posted sales of $4.48 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The business is expected to issue its next earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Kimberly Clark will report full-year sales of $4.59 billion for the current financial year, with estimates ranging from $18.52 billion to $18.67 billion. For the next fiscal year, analysts expect that the business will post sales of $18.90 billion per share, with estimates ranging from $18.61 billion to $19.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share.

Several brokerages have recently weighed in on KMB. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America reduced their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research report on Monday, December 11th. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target for the company. Finally, Wells Fargo & Co reduced their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $126.44.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares in the company, valued at $3,729,757.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Kimberly Clark by 47.5% in the 4th quarter. American Century Companies Inc. now owns 963,178 shares of the company’s stock worth $116,217,000 after purchasing an additional 310,104 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Kimberly Clark by 4.5% in the 4th quarter. Raymond James Trust N.A. now owns 39,410 shares of the company’s stock worth $4,755,000 after purchasing an additional 1,699 shares in the last quarter. Fort Pitt Capital Group LLC boosted its holdings in shares of Kimberly Clark by 17.6% in the 4th quarter. Fort Pitt Capital Group LLC now owns 268,845 shares of the company’s stock worth $32,439,000 after purchasing an additional 40,224 shares in the last quarter. Harbour Investment Management LLC purchased a new position in shares of Kimberly Clark in the 4th quarter worth about $2,101,000. Finally, Murphy Pohlad Asset Management LLC boosted its holdings in shares of Kimberly Clark by 11.2% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 11,965 shares of the company’s stock worth $1,443,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 71.82% of the company’s stock.

Kimberly Clark (KMB) opened at $116.21 on Monday. The firm has a market capitalization of $40,801.33, a price-to-earnings ratio of 18.65, a PEG ratio of 2.10 and a beta of 0.66. Kimberly Clark has a 52-week low of $109.67 and a 52-week high of $136.21. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.44%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s payout ratio is presently 60.53%.

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About Kimberly Clark

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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