Zacks: Analysts Expect Kimberly Clark Corp (NYSE:KMB) to Announce $1.79 Earnings Per Share

Equities research analysts forecast that Kimberly Clark Corp (NYSE:KMB) will announce earnings of $1.79 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Kimberly Clark’s earnings, with the highest EPS estimate coming in at $1.87 and the lowest estimate coming in at $1.75. Kimberly Clark posted earnings per share of $1.71 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The company is scheduled to issue its next earnings report on Monday, October 28th.

On average, analysts expect that Kimberly Clark will report full-year earnings of $6.79 per share for the current financial year, with EPS estimates ranging from $6.76 to $6.84. For the next financial year, analysts forecast that the company will post earnings of $7.16 per share, with EPS estimates ranging from $7.01 to $7.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $1.59 earnings per share.



Several analysts recently commented on KMB shares. ValuEngine lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Thursday, August 22nd. Deutsche Bank raised their price target on shares of Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research report on Monday, June 17th. Morgan Stanley raised their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $130.20.

In other news, insider Achal Agarwal sold 8,947 shares of Kimberly Clark stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the sale, the insider now owns 57,103 shares in the company, valued at $7,965,868.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Aaron Powell sold 3,964 shares of Kimberly Clark stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $137.95, for a total transaction of $546,833.80. Following the completion of the sale, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,584 shares of company stock worth $6,242,483. Company insiders own 0.85% of the company’s stock.

Several large investors have recently bought and sold shares of KMB. Vanguard Group Inc. raised its stake in Kimberly Clark by 0.6% during the second quarter. Vanguard Group Inc. now owns 28,327,564 shares of the company’s stock worth $3,775,497,000 after purchasing an additional 169,957 shares during the period. BlackRock Inc. raised its stake in Kimberly Clark by 2.0% during the second quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after purchasing an additional 481,402 shares during the period. Northern Trust Corp raised its stake in Kimberly Clark by 0.8% during the second quarter. Northern Trust Corp now owns 5,137,463 shares of the company’s stock worth $684,720,000 after purchasing an additional 42,045 shares during the period. Wells Fargo & Company MN raised its stake in Kimberly Clark by 8.1% during the second quarter. Wells Fargo & Company MN now owns 4,438,115 shares of the company’s stock worth $591,513,000 after purchasing an additional 331,708 shares during the period. Finally, Federated Investors Inc. PA raised its stake in Kimberly Clark by 13.5% during the first quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares during the period. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

KMB stock traded down $1.17 during midday trading on Friday, hitting $132.41. 1,663,547 shares of the stock traded hands, compared to its average volume of 1,747,682. The firm has a market cap of $45.13 billion, a P/E ratio of 20.03, a PEG ratio of 3.51 and a beta of 0.54. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The stock’s fifty day simple moving average is $138.47 and its 200-day simple moving average is $130.55. Kimberly Clark has a 1-year low of $100.32 and a 1-year high of $143.16.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.11%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.

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 and Estimates for Kimberly Clark (NYSE:KMB)

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