Kimberly Clark (NYSE:KMB) Announces Earnings Results

Kimberly Clark (NYSE:KMB) released its earnings results on Tuesday. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.04, RTT News reports. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter last year, the business posted $1.71 EPS. Kimberly Clark’s quarterly revenue was up 1.3% compared to the same quarter last year. Kimberly Clark updated its FY 2019 guidance to $6.75-6.90 EPS and its FY19 guidance to $6.75-6.90 EPS.

Shares of NYSE KMB opened at $135.19 on Friday. The company has a market cap of $46.04 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 3.66 and a beta of 0.55. Kimberly Clark has a 12-month low of $100.32 and a 12-month high of $143.50. The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 70.43. The stock’s 50 day simple moving average is $136.93 and its 200 day simple moving average is $134.14.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.

KMB has been the topic of a number of research analyst reports. Deutsche Bank raised Kimberly Clark from a “sell” rating to a “hold” rating and increased their target price for the stock from $123.00 to $124.00 in a report on Tuesday. Wells Fargo & Co increased their target price on Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a report on Tuesday, October 15th. Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $144.00 to $152.00 in a report on Monday, September 23rd. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $139.33.

In related news, insider Achal Agarwal sold 8,947 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was 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 of the company’s stock, valued at approximately $7,965,868.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Aaron Powell sold 3,964 shares of the firm’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 directly owns 5,780 shares in the company, valued at approximately $797,351. The disclosure for this sale can be found here. In the last three months, insiders sold 44,584 shares of company stock worth $6,242,483. Company insiders own 0.85% of the company’s stock.

Kimberly Clark Company Profile

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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