Kimberly Clark (KMB) Posts Earnings Results, Misses Expectations By $0.08 EPS

Kimberly Clark (NYSE:KMB) announced its earnings results on Wednesday. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08), Bloomberg Earnings reports. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the previous year, the company posted $1.57 earnings per share. Kimberly Clark’s quarterly revenue was down .7% on a year-over-year basis. Kimberly Clark updated its FY 2019 guidance to $6.50-6.70 EPS and its FY19 guidance to $6.50-6.70 EPS.

Shares of Kimberly Clark stock traded down $1.11 on Thursday, reaching $111.04. 328,608 shares of the stock were exchanged, compared to its average volume of 2,121,158. Kimberly Clark has a 1-year low of $97.10 and a 1-year high of $123.50. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. The firm has a market cap of $39.90 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Friday, December 7th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.60%. Kimberly Clark’s dividend payout ratio (DPR) is 64.21%.



A number of brokerages have recently commented on KMB. Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price for the company. in a report on Monday, October 8th. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price for the company. in a report on Wednesday, October 10th. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Morgan Stanley set a $107.00 price target on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Thursday, December 20th. Finally, Barclays set a $104.00 price target on shares of Kimberly Clark and gave the stock a “hold” rating in a research note on Monday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and an average target price of $109.64.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now directly owns 4,132 shares in the company, valued at $459,395.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael T. Azbell sold 13,565 shares of the company’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now owns 6,432 shares in the company, valued at $739,680. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. S. R. Schill & Associates grew its position in Kimberly Clark by 13.6% during the fourth quarter. S. R. Schill & Associates now owns 2,875 shares of the company’s stock worth $328,000 after buying an additional 345 shares during the period. Landmark Bank grew its position in shares of Kimberly Clark by 25.4% in the fourth quarter. Landmark Bank now owns 15,546 shares of the company’s stock valued at $1,772,000 after purchasing an additional 3,146 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Kimberly Clark by 9.4% in the fourth quarter. IFM Investors Pty Ltd now owns 20,059 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,731 shares during the last quarter. Viking Fund Management LLC grew its position in shares of Kimberly Clark by 8.6% in the fourth quarter. Viking Fund Management LLC now owns 50,500 shares of the company’s stock valued at $5,754,000 after purchasing an additional 4,000 shares during the last quarter. Finally, BB&T Corp grew its position in shares of Kimberly Clark by 2.0% in the fourth quarter. BB&T Corp now owns 122,939 shares of the company’s stock valued at $14,008,000 after purchasing an additional 2,446 shares during the last quarter. Institutional investors own 71.93% of the company’s stock.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Earnings History for Kimberly Clark (NYSE:KMB)

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