Kimberly-Clark (NYSE:KMB) posted its quarterly earnings results on Sunday. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08, MarketWatch Earnings reports. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share.
Shares of NYSE:KMB traded up $0.62 during trading on Tuesday, reaching $137.13. The stock had a trading volume of 2,797,915 shares, compared to its average volume of 2,295,319. Kimberly-Clark has a 52 week low of $110.66 and a 52 week high of $160.16. The firm has a market capitalization of $46.64 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 3.10 and a beta of 0.50. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 13.61. The stock has a fifty day simple moving average of $133.52 and a two-hundred day simple moving average of $143.53.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 5th. Stockholders of record on Friday, March 5th will be given a $1.14 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.33%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 62.12%.
KMB has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on shares of Kimberly-Clark from $152.00 to $156.00 and gave the company a “buy” rating in a research report on Tuesday. Berenberg Bank initiated coverage on shares of Kimberly-Clark in a research report on Friday, October 16th. They set a “buy” rating and a $181.00 price objective on the stock. Argus lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kimberly-Clark from $150.00 to $144.00 and set a “hold” rating on the stock in a research report on Thursday, January 21st. Finally, JPMorgan Chase & Co. lowered shares of Kimberly-Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price objective on the stock. in a research report on Friday, October 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $150.27.
In related news, Director Robert W. Decherd bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average price of $132.67 per share, with a total value of $398,010.00. Following the completion of the transaction, the director now owns 48,444 shares of the company’s stock, valued at approximately $6,427,065.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.
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, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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