Brokerages Expect Kimberly-Clark Co. (NYSE:KMB) Will Announce Earnings of $1.92 Per Share

Equities analysts expect that Kimberly-Clark Co. (NYSE:KMB) will report $1.92 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Kimberly-Clark’s earnings. The lowest EPS estimate is $1.89 and the highest is $1.94. Kimberly-Clark posted earnings of $2.13 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.9%. The firm is expected to issue its next earnings report before the market opens on Friday, April 23rd.

According to Zacks, analysts expect that Kimberly-Clark will report full-year earnings of $7.82 per share for the current year, with EPS estimates ranging from $7.67 to $8.03. For the next year, analysts anticipate that the business will post earnings of $8.21 per share, with EPS estimates ranging from $8.02 to $8.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Kimberly-Clark.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Sunday, January 24th. The company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS.

KMB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kimberly-Clark from $146.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, April 1st. Jefferies Financial Group lifted their price target on Kimberly-Clark from $152.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, January 26th. Bank of America decreased their price objective on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. Citigroup cut their target price on Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. Finally, Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research report on Thursday, January 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Kimberly-Clark has an average rating of “Hold” and an average target price of $146.67.

In other news, insider Tristram Wilkinson sold 1,440 shares of the firm’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $137.88, for a total value of $198,547.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KMB. Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $510,600,000. BlackRock Inc. raised its position in Kimberly-Clark by 11.4% during the fourth quarter. BlackRock Inc. now owns 26,644,473 shares of the company’s stock valued at $3,592,477,000 after acquiring an additional 2,733,540 shares in the last quarter. American International Group Inc. lifted its holdings in Kimberly-Clark by 842.4% in the fourth quarter. American International Group Inc. now owns 1,218,620 shares of the company’s stock valued at $164,307,000 after acquiring an additional 1,089,304 shares during the period. Federated Hermes Inc. boosted its position in Kimberly-Clark by 151.3% in the 4th quarter. Federated Hermes Inc. now owns 1,455,409 shares of the company’s stock worth $196,233,000 after purchasing an additional 876,282 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,911,681 shares of the company’s stock valued at $662,242,000 after purchasing an additional 375,853 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.

Shares of Kimberly-Clark stock opened at $136.94 on Thursday. The company has a debt-to-equity ratio of 13.61, a current ratio of 1.00 and a quick ratio of 0.70. The stock has a market cap of $46.29 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.10 and a beta of 0.50. The firm’s 50-day moving average is $133.10 and its two-hundred day moving average is $136.89. Kimberly-Clark has a 1 year low of $128.02 and a 1 year high of $160.16.

The company also recently declared a quarterly dividend, which was paid on Monday, April 5th. Shareholders of record on Friday, March 5th were given a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.56 dividend on an annualized basis and a yield of 3.33%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s payout ratio is currently 66.18%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Earnings History and Estimates for Kimberly-Clark (NYSE:KMB)

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