Kimberly-Clark Co. (NYSE:KMB) Expected to Announce Earnings of $1.89 Per Share

Brokerages expect that Kimberly-Clark Co. (NYSE:KMB) will announce earnings of $1.89 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kimberly-Clark’s earnings. The highest EPS estimate is $2.01 and the lowest is $1.77. Kimberly-Clark reported earnings per share of $2.20 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Friday, July 23rd.

According to Zacks, analysts expect that Kimberly-Clark will report full-year earnings of $7.41 per share for the current year, with EPS estimates ranging from $7.34 to $7.48. For the next year, analysts anticipate that the firm will report earnings of $7.85 per share, with EPS estimates ranging from $7.73 to $8.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Kimberly-Clark.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Thursday, April 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.14). Kimberly-Clark had a net margin of 12.06% and a return on equity of 376.18%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year.

KMB has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating and set a $111.00 price target for the company. in a report on Wednesday, April 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $123.00 target price (down from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Jefferies Financial Group lowered their price target on Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 26th. Wells Fargo & Company upgraded shares of Kimberly-Clark from an “underweight” rating to an “equal weight” rating in a research report on Friday, May 14th. Finally, Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $147.00 to $137.00 and set a “sector perform” rating for the company in a research report on Monday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $140.31.

Shares of NYSE:KMB opened at $129.46 on Friday. The company’s 50 day moving average price is $133.02. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 10.12. The stock has a market capitalization of $43.68 billion, a PE ratio of 19.41, a P/E/G ratio of 3.50 and a beta of 0.51. Kimberly-Clark has a 12 month low of $128.02 and a 12 month high of $160.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 4th will be paid a $1.14 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is 58.91%.

A number of large investors have recently modified their holdings of KMB. Norges Bank bought a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $510,600,000. American International Group Inc. increased its position in shares of Kimberly-Clark by 842.4% in the fourth quarter. American International Group Inc. now owns 1,218,620 shares of the company’s stock valued at $164,307,000 after acquiring an additional 1,089,304 shares during the period. BlackRock Inc. raised its stake in shares of Kimberly-Clark by 3.8% during the first quarter. BlackRock Inc. now owns 27,646,879 shares of the company’s stock valued at $3,844,301,000 after acquiring an additional 1,002,406 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Kimberly-Clark by 151.3% during the fourth quarter. Federated Hermes Inc. now owns 1,455,409 shares of the company’s stock worth $196,233,000 after purchasing an additional 876,282 shares during the period. Finally, Nuance Investments LLC increased its holdings in Kimberly-Clark by 816.2% during the 1st quarter. Nuance Investments LLC now owns 860,564 shares of the company’s stock valued at $119,661,000 after purchasing an additional 766,639 shares during the period. Institutional investors own 72.97% of the company’s stock.

About Kimberly-Clark

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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Earnings History and Estimates for Kimberly-Clark (NYSE:KMB)

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