Kimberly-Clark (KMB) to Release Quarterly Earnings on Tuesday

Kimberly-Clark (NYSE:KMB) is anticipated to post its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Kimberly-Clark to post earnings of $1.91 per share and revenue of $4.90 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, analysts expect Kimberly-Clark to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $142.68 on Friday. The business has a 50 day simple moving average of $139.52 and a 200 day simple moving average of $135.71. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $47.32 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. Kimberly-Clark has a one year low of $124.10 and a one year high of $150.45.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KMB shares. UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Thursday. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Finally, Piper Sandler restated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $146.31.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Kimberly-Clark

A hedge fund recently raised its stake in Kimberly-Clark stock. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 74.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,494 shares of the company’s stock after buying an additional 2,765 shares during the quarter. Brighton Jones LLC’s holdings in Kimberly-Clark were worth $851,000 as of its most recent SEC filing. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Company Profile

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.