Kimberly Clark (KMB) Releases Earnings Results, Beats Expectations By $0.12 EPS

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Kimberly Clark (NYSE:KMB) released its quarterly earnings data on Monday. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12, MarketWatch Earnings reports. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. Kimberly Clark’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share. Kimberly Clark updated its FY 2019 guidance to $6.50-6.70 EPS and its FY19 guidance to $6.50-6.70 EPS.

Shares of KMB opened at $125.62 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark has a 12-month low of $97.10 and a 12-month high of $132.47. The firm has a market cap of $42.51 billion, a PE ratio of 19.00, a PEG ratio of 3.39 and a beta of 0.60.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, March 7th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio is 62.33%.

In other news, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Winslow Evans & Crocker Inc. increased its holdings in Kimberly Clark by 5.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock valued at $194,000 after purchasing an additional 86 shares during the last quarter. Signature Wealth Management Group increased its holdings in Kimberly Clark by 0.3% in the fourth quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock valued at $3,191,000 after purchasing an additional 88 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in Kimberly Clark by 4.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock valued at $234,000 after purchasing an additional 89 shares during the last quarter. Aspiriant LLC increased its holdings in Kimberly Clark by 4.9% in the fourth quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock valued at $224,000 after purchasing an additional 92 shares during the last quarter. Finally, Sage Capital Advisors llc increased its holdings in Kimberly Clark by 0.4% in the fourth quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock valued at $2,389,000 after purchasing an additional 92 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on KMB shares. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research note on Friday, January 18th. Wells Fargo & Co reissued a “hold” rating and issued a $105.00 price objective on shares of Kimberly Clark in a research note on Wednesday, January 23rd. Finally, Morgan Stanley raised Kimberly Clark from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $107.00 to $113.00 in a research note on Thursday, January 24th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.50.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional 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.

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Earnings History for Kimberly Clark (NYSE:KMB)

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