Kimberly-Clark (NYSE:KMB) Announces Quarterly Earnings Results

Kimberly-Clark (NYSE:KMB) posted its earnings results on Tuesday. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14, Briefing.com reports. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $0.20 during trading on Wednesday, hitting $137.55. 265,829 shares of the stock were exchanged, compared to its average volume of 2,110,227. The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a fifty day moving average price of $143.26 and a 200-day moving average price of $138.67. Kimberly-Clark has a 1-year low of $116.63 and a 1-year high of $149.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.55%. Kimberly-Clark’s payout ratio is currently 89.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KMB shares. Piper Sandler increased their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $149.14.

Insider Activity at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.