Brokerages expect Kimberly-Clark Co. (NYSE: KMB) to post revenue of $ 4.99 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts made estimates for Kimberly-Clark’s earnings. The highest sales estimate is $ 5.04 billion and the lowest is $ 4.96 billion. Kimberly-Clark reported sales of $ 4.84 billion in the same quarter last year, suggesting a positive growth rate of 3.1% year-over-year. The company is expected to release its next quarterly earnings report before the market opens on Wednesday January 26.
According to Zacks, analysts expect Kimberly-Clark to report annual revenue of $ 19.46 billion for the current fiscal year, with estimates ranging from $ 19.42 billion to $ 19.51 billion. dollars. For the next fiscal year, analysts predict the company will post revenue of $ 20.20 billion, with estimates ranging from $ 20.02 billion to $ 20.48 billion. Zacks’ sales calculations are an average based on a survey of research analysts who cover Kimberly-Clark.
Kimberly-Clark (NYSE: KMB) last released its results on Sunday, October 24. The company reported earnings per share of $ 1.62 for the quarter, missing analyst consensus estimates of $ 1.65 per ($ 0.03). Kimberly-Clark had a net margin of 10.34% and a return on equity of 289.87%. The company posted revenue of $ 5.01 billion in the quarter, compared to $ 4.96 billion according to analysts’ estimates. In the same quarter of the previous year, the company made EPS of $ 1.72. The company’s quarterly revenue increased 7.0% year-on-year.
A number of research analysts have weighed on KMB shares. Zacks Investment Research raised Kimberly-Clark shares from a “strong sell” rating to a “conservation” rating and set a target price of $ 148.00 on the stock in a research note on Wednesday 29 December. The Goldman Sachs group lowered its price target for Kimberly-Clark shares from $ 142.00 to $ 125.00 and set a “neutral” rating on the stock in a research report published on Monday, October 25. Berenberg Bank downgraded Kimberly-Clark’s shares from a “buy” rating to a “keep” rating and lowered its price target for the company from $ 164.00 to $ 127.00 in a report. research published on Tuesday, October 26. HSBC began covering Kimberly-Clark shares in a report on Thursday, September 9. They set a “hold” rating and a target price of $ 131.00 on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Kimberly-Clark shares from $ 137.00 to $ 130.00 and set a “hold” rating on the share in a report released on Tuesday, October 26. Three stock research analysts rated the stock with a sell rating, ten assigned a conservation rating, and two issued a buy rating for the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average “Hold” rating and a consensus target price of $ 134.21.
In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 10,528 shares in a trade on Wednesday, October 27. The shares were sold at an average price of $ 133.61, for a total trade of $ 1,406,646.08. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.47% of the company’s shares.
Large investors have recently bought and sold shares in the company. Moors & Cabot Inc. increased its position in Kimberly-Clark shares by 9.8% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the company valued at $ 25,000 after purchasing an additional 2,224 shares during the period. Krane Funds Advisors LLC purchased a new stake in Kimberly-Clark shares in the second quarter valued at approximately $ 32,000. Eubel Brady & Suttman Asset Management Inc. purchased a new equity stake in Kimberly-Clark in the 2nd quarter valued at approximately $ 35,000. Pacifica Partners Inc. increased its position in Kimberly-Clark shares by 303.0% in the 3rd quarter. Pacifica Partners Inc. now owns 266 shares of the company valued at $ 35,000 after purchasing an additional 200 shares during the period. Finally, D Orazio & Associates Inc. increased its position in Kimberly-Clark shares by 57.4% in the 3rd quarter. D Orazio & Associates Inc. now owns 266 shares of the company valued at $ 35,000 after purchasing 97 additional shares during the period. 71.03% of the shares are held by hedge funds and other institutional investors.
NYSE: KMB opened at $ 142.92 on Monday. Kimberly-Clark has a one-year low of $ 125.27 and a one-year high of $ 143.37. The company has a market cap of $ 48.12 billion, a PE ratio of 24.31, a PEG ratio of 4.51 and a beta of 0.49. The company has a 50-day moving average of $ 135.43 and a 200-day moving average of $ 135.07. The company has a debt to equity ratio of 10.69, a current ratio of 0.78, and a rapid ratio of 0.49.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 4. Shareholders of record on Friday, December 10 will receive a dividend of $ 1.14 per share. The ex-dividend date is Thursday, December 9. This represents an annualized dividend of $ 4.56 and a return of 3.19%. Kimberly-Clark’s payout ratio is currently 77.55%.
About Kimberly Clark
Kimberly-Clark Corp. is engaged in the manufacture and marketing of products based on natural or synthetic fibers. It operates in the following segments: Personal Care, Consumer Fabrics and KC Professional (KCP). The personal care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products and other related products.
Featured Article: Range Trading
Get a Free Copy of Zacks’ Kimberly-Clark (KMB) Research Report
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Kimberly-Clark right now?
Before you consider Kimberly-Clark, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Kimberly-Clark was not on the list.
While Kimberly-Clark currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here