Zacks: Brokerages Anticipate Kimberly Clark Corp (KMB) Will Announce Quarterly Sales of $4.53 Billion

Analysts expect that Kimberly Clark Corp (NYSE:KMB) will report sales of $4.53 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Kimberly Clark’s earnings. The lowest sales estimate is $4.48 billion and the highest is $4.59 billion. Kimberly Clark posted sales of $4.64 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, October 22nd.

On average, analysts expect that Kimberly Clark will report full year sales of $18.35 billion for the current financial year, with estimates ranging from $18.26 billion to $18.45 billion. For the next year, analysts forecast that the company will post sales of $18.32 billion, with estimates ranging from $18.11 billion to $18.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Kimberly Clark.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the 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 period last year, the business posted $1.49 EPS. Kimberly Clark’s quarterly revenue was up .6% on a year-over-year basis.

KMB has been the subject of several research analyst reports. Goldman Sachs Group downgraded Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price objective for the company. in a research note on Monday, October 8th. Bank of America raised their price objective on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 6th. Deutsche Bank downgraded Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price objective for the company. in a research note on Wednesday, October 10th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Kimberly Clark has a consensus rating of “Hold” and a consensus target price of $105.43.

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

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Kimberly Clark during the second quarter worth $40,577,000. PVG Asset Management Corp boosted its holdings in Kimberly Clark by 159.8% in the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after acquiring an additional 6,633 shares during the last quarter. MAI Capital Management boosted its holdings in Kimberly Clark by 22.7% in the second quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after acquiring an additional 593 shares during the last quarter. Cleararc Capital Inc. boosted its holdings in Kimberly Clark by 254.1% in the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after acquiring an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in Kimberly Clark by 87.7% in the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.

NYSE KMB opened at $110.23 on Friday. Kimberly Clark has a 1-year low of $97.10 and a 1-year high of $123.77. The company has a market capitalization of $37.83 billion, a P/E ratio of 18.02, a PEG ratio of 2.52 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.

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.

Recommended Story: How to Use a Moving Average for Trading 

Get a free copy of the Zacks research report on Kimberly Clark (KMB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kimberly Clark (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply