Kimberly Clark Corp (KMB) Expected to Post Quarterly Sales of $4.55 Billion

Equities analysts predict that Kimberly Clark Corp (NYSE:KMB) will report $4.55 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Kimberly Clark’s earnings, with the highest sales estimate coming in at $4.59 billion and the lowest estimate coming in at $4.52 billion. Kimberly Clark posted sales of $4.64 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.9%. The business is expected to report its next quarterly earnings results before the market opens on Monday, October 22nd.

According to Zacks, analysts expect that Kimberly Clark will report full-year sales of $18.41 billion for the current fiscal year, with estimates ranging from $18.34 billion to $18.48 billion. For the next year, analysts expect that the firm will post sales of $18.48 billion, with estimates ranging from $18.16 billion to $18.79 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the company posted $1.49 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year.

KMB has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. Bank of America boosted their target price on Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Deutsche Bank boosted their target price on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Finally, UBS Group initiated coverage on Kimberly Clark in a research report on Thursday, July 19th. They set a “sell” rating and a $90.00 target price for the company. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $107.27.

KMB traded up $0.82 during trading on Wednesday, hitting $114.27. The company’s stock had a trading volume of 1,437,100 shares, compared to its average volume of 2,342,609. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. Kimberly Clark has a 12 month low of $97.10 and a 12 month high of $123.77. The company has a market cap of $39.51 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.57 and a beta of 0.70.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.50%. Kimberly Clark’s payout ratio is currently 64.21%.

In related news, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares in the company, valued at $118,357.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lynch & Associates IN increased its holdings in Kimberly Clark by 8.7% in the third quarter. Lynch & Associates IN now owns 14,655 shares of the company’s stock valued at $1,665,000 after purchasing an additional 1,173 shares during the last quarter. Rockland Trust Co. increased its holdings in Kimberly Clark by 42.6% in the third quarter. Rockland Trust Co. now owns 35,982 shares of the company’s stock valued at $4,089,000 after purchasing an additional 10,745 shares during the last quarter. BTR Capital Management Inc. increased its holdings in Kimberly Clark by 16.3% in the third quarter. BTR Capital Management Inc. now owns 7,846 shares of the company’s stock valued at $892,000 after purchasing an additional 1,101 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Kimberly Clark by 16.0% in the third quarter. CENTRAL TRUST Co now owns 73,316 shares of the company’s stock valued at $8,332,000 after purchasing an additional 10,135 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in Kimberly Clark by 5.3% in the third quarter. Fulton Bank N.A. now owns 19,985 shares of the company’s stock valued at $2,271,000 after purchasing an additional 998 shares during the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

Kimberly Clark Company Profile

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 and Estimates for Kimberly Clark (NYSE:KMB)

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