Analysts expect Kimberly Clark Corp (NYSE:KMB) to report $4.59 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kimberly Clark’s earnings, with the highest sales estimate coming in at $4.64 billion and the lowest estimate coming in at $4.53 billion. Kimberly Clark posted sales of $4.48 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The company is expected to report its next quarterly earnings results on Monday, April 23rd.
On average, analysts expect that Kimberly Clark will report full year sales of $4.59 billion for the current year, with estimates ranging from $18.52 billion to $18.67 billion. For the next financial year, analysts anticipate that the company will report sales of $18.90 billion per share, with estimates ranging from $18.61 billion to $19.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kimberly Clark.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. CNB Bank bought a new stake in Kimberly Clark during the fourth quarter worth $105,000. San Francisco Sentry Investment Group CA raised its position in Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares in the last quarter. Truewealth LLC bought a new stake in Kimberly Clark during the fourth quarter worth $123,000. Heritage Trust Co raised its position in Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Finally, Shamrock Asset Management LLC raised its position in Kimberly Clark by 220.5% during the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after acquiring an additional 763 shares in the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly Clark (NYSE KMB) traded up $0.84 during trading on Thursday, hitting $113.65. 1,251,254 shares of the stock traded hands, compared to its average volume of 2,495,955. The firm has a market capitalization of $39,857.74, a PE ratio of 17.73, a PEG ratio of 2.06 and a beta of 0.66. Kimberly Clark has a 12 month low of $109.51 and a 12 month high of $135.22. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 annualized dividend and a yield of 3.52%. Kimberly Clark’s dividend payout ratio is presently 60.53%.
About Kimberly Clark
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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