Kimberly Clark (NYSE:KMB) will announce its earnings results before the market opens on Tuesday, July 23rd. Analysts expect the company to announce earnings of $1.63 per share for the quarter.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the business earned $1.71 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts expect Kimberly Clark to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of NYSE KMB opened at $135.74 on Monday. Kimberly Clark has a 52 week low of $100.32 and a 52 week high of $140.62. The company has a market capitalization of $46.67 billion, a PE ratio of 20.54, a P/E/G ratio of 3.87 and a beta of 0.58. The stock has a fifty day moving average of $135.60.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, June 6th. Kimberly Clark’s payout ratio is currently 62.33%.
KMB has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Kimberly Clark from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 18th. Bank of America decreased their price target on Canopy Growth from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, June 19th. Citigroup set a $40.00 price target on Steel Dynamics and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $126.31.
In related news, insider Thomas J. Falk sold 58,218 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $127.73, for a total value of $7,436,185.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas J. Falk sold 303,578 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total value of $38,147,611.48. Following the completion of the sale, the insider now directly owns 83,717 shares in the company, valued at $10,519,878.22. The disclosure for this sale can be found here. Insiders sold 446,313 shares of company stock worth $56,436,155 over the last ninety days. 0.85% of the stock is currently owned by 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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