Kimberly-Clark (NYSE:KMB) Issues Earnings Results, Beats Estimates By $0.03 EPS

Kimberly-Clark (NYSE:KMBGet Rating) issued its earnings results on Wednesday. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.51 by $0.03, Briefing.com reports. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 250.21% and a net margin of 8.84%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.30 EPS.

Kimberly-Clark Trading Up 0.3 %

Shares of NYSE:KMB opened at $134.63 on Wednesday. The stock has a 50 day moving average of $135.68 and a 200 day moving average of $129.25. The company has a market cap of $45.44 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.30 and a beta of 0.40. Kimberly-Clark has a 12-month low of $108.74 and a 12-month high of $144.53. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 13.08.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 8th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KMB shares. UBS Group increased their price objective on Kimberly-Clark from $129.00 to $136.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley dropped their price target on shares of Kimberly-Clark from $137.00 to $132.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $120.00 to $124.00 and gave the company an “underweight” rating in a report on Friday, January 13th. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Monday. Finally, Atlantic Securities upgraded shares of Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 target price for the company in a research note on Wednesday, October 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $128.67.

Hedge Funds Weigh In On Kimberly-Clark

Several institutional investors have recently bought and sold shares of the business. Cowa LLC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at about $54,000. Alpha Paradigm Partners LLC purchased a new stake in Kimberly-Clark during the third quarter valued at approximately $89,000. Fairfield Bush & CO. purchased a new position in shares of Kimberly-Clark in the 1st quarter worth approximately $96,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at approximately $207,000. Finally, Lumature Wealth Partners LLC raised its holdings in Kimberly-Clark by 851.9% during the 1st quarter. Lumature Wealth Partners LLC now owns 1,980 shares of the company’s stock valued at $244,000 after buying an additional 1,772 shares during the period. Institutional investors own 74.16% of the company’s stock.

Kimberly-Clark Company Profile

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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, swimpants, training and youth pants, 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.

See Also

Earnings History for Kimberly-Clark (NYSE:KMB)

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