Kimberly-Clark (NYSE:KMB) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

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

Kimberly-Clark Trading Down 0.2 %

KMB traded down $0.26 during mid-day trading on Friday, hitting $136.75. 224,227 shares of the stock were exchanged, compared to its average volume of 2,111,262. The company has a market cap of $46.05 billion, a PE ratio of 25.19, a PEG ratio of 2.98 and a beta of 0.39. 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. The firm’s fifty day moving average is $143.18 and its two-hundred day moving average is $138.66.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KMB shares. Piper Sandler increased their price target on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday. Finally, TD Cowen assumed coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $149.93.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.