Kimberly-Clark (NYSE:KMB) Releases Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Key Points

• Kimberly-Clark reported a quarterly EPS of $1.92, exceeding estimates of $1.67 by $0.25, despite a 1.6% decline in revenue compared to the previous year.
• The company's stock price increased 5.0% during mid-day trading, reaching $130.85, with a market capitalization of $43.42 billion.
• Brighton Jones LLC raised its position in Kimberly-Clark by 74.1%, indicating institutional confidence, as 76.29% of the stock is owned by institutional investors.

Kimberly-Clark (NYSE:KMB - Get Free Report) released its quarterly earnings results on Friday. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25, Briefing.com reports. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter in the previous year, the company earned $1.96 EPS. Kimberly-Clark's revenue was down 1.6% compared to the same quarter last year.

Kimberly-Clark Trading Up 5.0%

KMB traded up $6.23 during mid-day trading on Friday, hitting $130.85. The stock had a trading volume of 2,244,192 shares, compared to its average volume of 2,297,960. The stock's fifty day simple moving average is $131.78 and its 200-day simple moving average is $134.53. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $43.42 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark has a 1-year low of $124.10 and a 1-year high of $150.45.

Institutional Investors Weigh In On Kimberly-Clark

An institutional investor recently raised its position in Kimberly-Clark stock. Brighton Jones LLC grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 74.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,494 shares of the company's stock after purchasing an additional 2,765 shares during the period. Brighton Jones LLC's holdings in Kimberly-Clark were worth $851,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KMB shares. Royal Bank Of Canada cut their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating on the stock in a report on Friday, July 25th. Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Evercore ISI cut their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group cut their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $140.90.

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.

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