Brokerages expect Kimberly-Clark Co. (NYSE:KMB) to post $4.99 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Kimberly-Clark's earnings. The highest sales estimate is $5.04 billion and the lowest is $4.96 billion. Kimberly-Clark reported sales of $4.84 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, January 26th.
According to Zacks, analysts expect that Kimberly-Clark will report full-year sales of $19.46 billion for the current financial year, with estimates ranging from $19.42 billion to $19.51 billion. For the next fiscal year, analysts expect that the business will post sales of $20.20 billion, with estimates ranging from $20.02 billion to $20.48 billion. Zacks' sales calculations are an average based on a survey of research analysts that cover Kimberly-Clark.
Kimberly-Clark (NYSE:KMB) last issued its earnings results on Sunday, October 24th. The company reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.03). Kimberly-Clark had a net margin of 10.34% and a return on equity of 289.87%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the prior year, the business earned $1.72 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis.
A number of research analysts have weighed in on KMB shares. Zacks Investment Research upgraded shares of Kimberly-Clark from a "strong sell" rating to a "hold" rating and set a $148.00 target price on the stock in a research note on Wednesday, December 29th. The Goldman Sachs Group lowered their price target on shares of Kimberly-Clark from $142.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, October 25th. Berenberg Bank lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and lowered their price target for the company from $164.00 to $127.00 in a research report on Tuesday, October 26th. HSBC started coverage on shares of Kimberly-Clark in a report on Thursday, September 9th. They set a "hold" rating and a $131.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kimberly-Clark from $137.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, October 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $134.21.
In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 10,528 shares of the stock in a transaction on Wednesday, October 27th. The shares were sold at an average price of $133.61, for a total transaction of $1,406,646.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.47% of the company's stock.
Large investors have recently bought and sold shares of the company. Moors & Cabot Inc. lifted its position in shares of Kimberly-Clark by 9.8% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the company's stock worth $25,000 after purchasing an additional 2,224 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $32,000. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $35,000. Pacifica Partners Inc. lifted its position in shares of Kimberly-Clark by 303.0% in the 3rd quarter. Pacifica Partners Inc. now owns 266 shares of the company's stock worth $35,000 after purchasing an additional 200 shares during the period. Finally, D Orazio & Associates Inc. lifted its position in shares of Kimberly-Clark by 57.4% in the 3rd quarter. D Orazio & Associates Inc. now owns 266 shares of the company's stock worth $35,000 after purchasing an additional 97 shares during the period. 71.03% of the stock is owned by hedge funds and other institutional investors.
NYSE:KMB opened at $142.92 on Monday. Kimberly-Clark has a one year low of $125.27 and a one year high of $143.37. The company has a market cap of $48.12 billion, a PE ratio of 24.31, a PEG ratio of 4.51 and a beta of 0.49. The firm has a 50-day moving average of $135.43 and a 200-day moving average of $135.07. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.78 and a quick ratio of 0.49.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 4th. Shareholders of record on Friday, December 10th will be given a dividend of $1.14 per share. The ex-dividend date is Thursday, December 9th. This represents a $4.56 annualized dividend and a yield of 3.19%. Kimberly-Clark's payout ratio is currently 77.55%.
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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