Kimberly-Clark (NYSE:KMB) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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Kimberly-Clark (NYSE:KMB) posted its quarterly earnings data on Sunday. The company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.08, MarketWatch Earnings reports. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Shares of NYSE:KMB traded up $0.68 during midday trading on Tuesday, reaching $137.19. 120,516 shares of the company’s stock traded hands, compared to its average volume of 2,239,596. Kimberly-Clark has a 1 year low of $110.66 and a 1 year high of $160.16. The company has a market cap of $46.66 billion, a P/E ratio of 19.41, a PEG ratio of 3.10 and a beta of 0.50. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. The company has a fifty day simple moving average of $133.52 and a two-hundred day simple moving average of $143.53.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 5th. Shareholders of record on Friday, March 5th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, March 4th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s dividend payout ratio is currently 62.12%.

Several brokerages recently weighed in on KMB. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kimberly-Clark from $150.00 to $144.00 and set a “hold” rating on the stock in a report on Thursday, January 21st. Wells Fargo & Company began coverage on shares of Kimberly-Clark in a report on Monday, December 7th. They issued an “underweight” rating and a $130.00 price target on the stock. Royal Bank of Canada cut their price target on shares of Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating on the stock in a report on Tuesday. Jefferies Financial Group increased their price target on shares of Kimberly-Clark from $152.00 to $156.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays reiterated a “buy” rating and issued a $167.00 price target on shares of Kimberly-Clark in a report on Monday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $150.27.

In other Kimberly-Clark news, Director Robert W. Decherd bought 3,000 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were purchased at an average price of $132.67 per share, for a total transaction of $398,010.00. Following the transaction, the director now directly owns 48,444 shares of the company’s stock, valued at approximately $6,427,065.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% 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, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Further Reading: Resistance Level

Earnings History for Kimberly-Clark (NYSE:KMB)

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