Kimberly-Clark Corporation (NYSE:KMB) – Analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for shares of Kimberly-Clark Corporation in a research note issued to investors on Tuesday. Jefferies Group analyst K. Grundy now expects that the company will earn $1.55 per share for the quarter, down from their previous forecast of $1.60. Jefferies Group has a “Hold” rating and a $122.00 price objective on the stock. Jefferies Group also issued estimates for Kimberly-Clark Corporation’s Q4 2017 earnings at $1.57 EPS, FY2017 earnings at $6.17 EPS, FY2018 earnings at $6.55 EPS and FY2019 earnings at $6.93 EPS.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share.

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A number of other analysts also recently weighed in on KMB. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday. UBS AG downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $133.14.

Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 124.21 on Thursday. The stock’s 50 day moving average is $127.89 and its 200 day moving average is $128.10. The firm has a market cap of $44.09 billion, a price-to-earnings ratio of 20.50 and a beta of 0.78. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.

Institutional investors have recently made changes to their positions in the stock. Tortoise Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $118,000. Acrospire Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Finally, V Wealth Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the second quarter valued at about $123,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the completion of the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the completion of the transaction, the senior vice president now owns 5,364 shares of the company’s stock, valued at $696,354.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,267 shares of company stock valued at $4,155,862. Corporate insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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