Wall Street analysts forecast that Kimberly Clark Corp (NYSE:KMB) will report sales of $4.60 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kimberly Clark’s earnings. The lowest sales estimate is $4.53 billion and the highest is $4.66 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 2.7%. The firm 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 $4.60 billion for the current year, with estimates ranging from $18.52 billion to $18.76 billion. For the next fiscal year, analysts forecast that the business will post sales of $18.92 billion per share, with estimates ranging from $18.61 billion to $19.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms 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 firm had revenue of $4.58 billion for 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 revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of KMB. Cambridge Investment Research Advisors Inc. boosted its position in Kimberly Clark by 19.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 60,777 shares of the company’s stock valued at $7,333,000 after buying an additional 10,068 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Kimberly Clark in the fourth quarter valued at approximately $206,000. KCM Investment Advisors LLC boosted its position in Kimberly Clark by 3.6% in the fourth quarter. KCM Investment Advisors LLC now owns 155,508 shares of the company’s stock valued at $18,764,000 after buying an additional 5,431 shares in the last quarter. Colonial Trust Advisors boosted its position in Kimberly Clark by 11.2% in the fourth quarter. Colonial Trust Advisors now owns 27,627 shares of the company’s stock valued at $3,333,000 after buying an additional 2,784 shares in the last quarter. Finally, Cedar Hill Associates LLC acquired a new stake in Kimberly Clark in the fourth quarter valued at approximately $262,000. Institutional investors and hedge funds own 73.66% of the company’s stock.
Kimberly Clark (NYSE:KMB) opened at $111.94 on Friday. The firm has a market cap of $39,258.03, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.02 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. Kimberly Clark has a fifty-two week low of $109.51 and a fifty-two week high of $135.22.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.57%. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.40%.
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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