Jefferies Financial Group Weighs in on Kimberly-Clark Co.’s Q2 2022 Earnings (NYSE:KMB)

Kimberly-Clark Co. (NYSE:KMBGet Rating) – Equities researchers at Jefferies Financial Group increased their Q2 2022 earnings per share estimates for shares of Kimberly-Clark in a research report issued on Monday, July 25th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.33. The consensus estimate for Kimberly-Clark’s current full-year earnings is $5.76 per share. Jefferies Financial Group also issued estimates for Kimberly-Clark’s Q3 2022 earnings at $1.57 EPS, Q4 2022 earnings at $1.49 EPS, FY2022 earnings at $5.80 EPS, FY2023 earnings at $7.18 EPS and FY2024 earnings at $7.90 EPS.

A number of other analysts also recently commented on KMB. UBS Group reduced their price objective on Kimberly-Clark to $136.00 in a research report on Friday, July 22nd. Royal Bank of Canada raised their target price on Kimberly-Clark from $122.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $130.00 to $138.00 in a research report on Monday, April 25th. Morgan Stanley raised their target price on Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Monday, April 25th. Finally, The Goldman Sachs Group cut their target price on Kimberly-Clark from $130.00 to $124.00 in a research report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $130.71.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $133.97 on Tuesday. The stock has a 50 day moving average of $131.41 and a two-hundred day moving average of $131.68. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49. Kimberly-Clark has a 12 month low of $117.32 and a 12 month high of $145.79. The company has a market capitalization of $45.14 billion, a P/E ratio of 25.81, a P/E/G ratio of 4.59 and a beta of 0.33.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.06. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $1.47 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis.

Insider Activity at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $137.17, for a total value of $283,804.73. Following the completion of the sale, the insider now directly owns 14,102 shares of the company’s stock, valued at approximately $1,934,371.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Doug Cunningham sold 3,627 shares of Kimberly-Clark stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $138.00, for a total value of $500,526.00. Following the completion of the sale, the insider now directly owns 4,242 shares of the company’s stock, valued at approximately $585,396. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $137.17, for a total value of $283,804.73. Following the completion of the sale, the insider now directly owns 14,102 shares of the company’s stock, valued at $1,934,371.34. The disclosure for this sale can be found here. Insiders sold 47,394 shares of company stock valued at $6,625,387 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Kimberly-Clark

Institutional investors have recently made changes to their positions in the stock. First Affirmative Financial Network grew its stake in shares of Kimberly-Clark by 18.1% during the first quarter. First Affirmative Financial Network now owns 2,220 shares of the company’s stock worth $273,000 after purchasing an additional 340 shares during the period. New York State Common Retirement Fund lifted its holdings in Kimberly-Clark by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 624,130 shares of the company’s stock worth $89,201,000 after acquiring an additional 3,916 shares in the last quarter. Norges Bank bought a new position in Kimberly-Clark during the fourth quarter worth about $473,552,000. Integrated Advisors Network LLC lifted its holdings in Kimberly-Clark by 25.4% during the first quarter. Integrated Advisors Network LLC now owns 1,857 shares of the company’s stock worth $229,000 after acquiring an additional 376 shares in the last quarter. Finally, Autumn Glory Partners LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $855,000. 74.32% of the stock is owned by institutional investors and hedge funds.

About Kimberly-Clark

(Get Rating)

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

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

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