Kimberly Clark (KMB) Updates FY19 Earnings Guidance

Kimberly Clark (NYSE:KMB) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $6.50-6.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.64. Kimberly Clark also updated its FY 2019 guidance to $6.50-6.70 EPS.

Several research firms recently commented on KMB. Zacks Investment Research cut Kimberly Clark from a buy rating to a hold rating in a research note on Thursday. Wells Fargo & Co upped their price objective on Kimberly Clark from $105.00 to $115.00 and gave the company a market perform rating in a research note on Tuesday, April 16th. Morgan Stanley upped their price objective on Kimberly Clark from $113.00 to $124.00 and gave the company an equal weight rating in a research note on Tuesday, February 12th. BNP Paribas assumed coverage on Kimberly Clark in a research note on Monday, February 11th. They set an outperform rating and a $130.00 price objective on the stock. Finally, Exane BNP Paribas assumed coverage on Kimberly Clark in a research note on Tuesday, February 12th. They set an outperform rating and a $130.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $114.88.

NYSE:KMB opened at $123.55 on Monday. The company has a market cap of $42.51 billion, a PE ratio of 18.69, a P/E/G ratio of 3.39 and a beta of 0.60. Kimberly Clark has a 52 week low of $97.10 and a 52 week high of $124.76. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.12. The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.55 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 earnings per share. Equities research analysts anticipate that Kimberly Clark will post 6.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly Clark’s dividend payout ratio is 62.33%.

In related news, insider Anthony J. Palmer sold 6,122 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $115.11, for a total value of $704,703.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

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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 and Estimates for Kimberly Clark (NYSE:KMB)

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