Brokers Issue Forecasts for Kimberly-Clark Co.’s Q3 2024 Earnings (NYSE:KMB)

Kimberly-Clark Co. (NYSE:KMB) – Stock analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for Kimberly-Clark in a research report issued on Friday, August 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.63 for the quarter, down from their previous forecast of $1.68. The consensus estimate for Kimberly-Clark’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Kimberly-Clark’s Q4 2024 earnings at $1.61 EPS, FY2024 earnings at $7.21 EPS and FY2025 earnings at $7.42 EPS.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.65 earnings per share.

Several other research analysts have also issued reports on KMB. HSBC increased their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, BNP Paribas began coverage on Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Up 0.1 %

Shares of KMB stock opened at $138.43 on Monday. The stock has a market cap of $46.61 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. Kimberly-Clark has a one year low of $116.32 and a one year high of $145.62. The stock has a fifty day moving average price of $139.34 and a 200 day moving average price of $131.65. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. Kimberly-Clark’s payout ratio is 89.71%.

Insider Buying and Selling

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Kimberly-Clark

Several institutional investors have recently modified their holdings of KMB. Clarius Group LLC lifted its holdings in shares of Kimberly-Clark by 5.3% during the 4th quarter. Clarius Group LLC now owns 2,367 shares of the company’s stock valued at $288,000 after purchasing an additional 120 shares in the last quarter. Graypoint LLC raised its position in Kimberly-Clark by 14.4% in the 4th quarter. Graypoint LLC now owns 2,888 shares of the company’s stock valued at $351,000 after buying an additional 364 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $2,479,000. Carnegie Capital Asset Management LLC raised its position in Kimberly-Clark by 12.4% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 12,264 shares of the company’s stock valued at $1,490,000 after buying an additional 1,350 shares during the last quarter. Finally, Grove Bank & Trust raised its position in Kimberly-Clark by 1.8% in the 4th quarter. Grove Bank & Trust now owns 9,767 shares of the company’s stock valued at $1,187,000 after buying an additional 177 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.