Kimberly Clark (NYSE:KMB) Updates FY19 Earnings Guidance

Kimberly Clark (NYSE:KMB) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.75-6.90 for the period, compared to the Thomson Reuters consensus estimate of $6.82. Kimberly Clark also updated its FY 2019 guidance to $6.75-6.90 EPS.

Several brokerages recently issued reports on KMB. Bank of America upgraded shares of Kimberly Clark from a neutral rating to a buy rating and set a $155.00 price objective on the stock in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on Kimberly Clark from $151.00 to $152.00 and gave the company an overweight rating in a research report on Wednesday, July 24th. Wells Fargo & Co lifted their target price on Kimberly Clark from $130.00 to $132.00 and gave the company a market perform rating in a research report on Tuesday, October 15th. Morgan Stanley lifted their target price on Kimberly Clark from $147.00 to $149.00 and gave the company an equal weight rating in a research report on Tuesday, October 8th. Finally, Zacks Investment Research raised Kimberly Clark from a sell rating to a hold rating and set a $150.00 target price for the company in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $136.92.

Shares of Kimberly Clark stock traded down $7.84 on Tuesday, reaching $131.35. 1,350,923 shares of the company were exchanged, compared to its average volume of 1,491,290. Kimberly Clark has a 1-year low of $100.32 and a 1-year high of $143.50. The company has a market cap of $47.22 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 3.76 and a beta of 0.55. 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 50 day moving average price is $137.41 and its 200-day moving average price is $133.97.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.05. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts predict that Kimberly Clark will post 6.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s dividend payout ratio is presently 62.33%.

In other Kimberly Clark news, insider Aaron Powell sold 3,964 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the sale, the insider now owns 5,780 shares in the company, valued at $797,351. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at approximately $2,442,805.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,584 shares of company stock valued at $6,242,483. 0.85% of the stock is owned by company insiders.

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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