Zacks: Brokerages Expect Kimberly Clark Corp (KMB) to Announce $1.54 Earnings Per Share

Brokerages expect Kimberly Clark Corp (NYSE:KMB) to report earnings of $1.54 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kimberly Clark’s earnings. The highest EPS estimate is $1.56 and the lowest is $1.49. Kimberly Clark posted earnings of $1.71 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.9%. The firm is scheduled to report its next earnings results before the market opens on Monday, April 22nd.

According to Zacks, analysts expect that Kimberly Clark will report full-year earnings of $6.59 per share for the current year, with EPS estimates ranging from $6.55 to $6.65. For the next fiscal year, analysts forecast that the company will post earnings of $6.94 per share, with EPS estimates ranging from $6.86 to $7.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last released its earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.08). Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The firm’s revenue was down .7% on a year-over-year basis.

A number of research firms have recently weighed in on KMB. Wells Fargo & Co increased their target price on shares of Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target on the stock in a research note on Friday, January 18th. Exane BNP Paribas began coverage on shares of Kimberly Clark in a research note on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $107.00 to $113.00 in a research note on Thursday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.88.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Wealth Management Group raised its position in shares of Kimberly Clark by 0.3% during the 4th quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock valued at $3,191,000 after buying an additional 88 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Kimberly Clark by 4.5% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock valued at $234,000 after buying an additional 89 shares in the last quarter. Aspiriant LLC grew its holdings in shares of Kimberly Clark by 4.9% during the 4th quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock valued at $224,000 after purchasing an additional 92 shares during the last quarter. Sage Capital Advisors llc grew its holdings in shares of Kimberly Clark by 0.4% during the 4th quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock valued at $2,389,000 after purchasing an additional 92 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Kimberly Clark by 1.1% during the 4th quarter. Wetherby Asset Management Inc. now owns 9,108 shares of the company’s stock valued at $1,037,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Kimberly Clark stock opened at $123.55 on Monday. Kimberly Clark has a twelve month low of $97.10 and a twelve month high of $124.76. 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. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 51.24.

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

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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