Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Trading 5.4% Higher Following Earnings Beat

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) shares traded up 5.4% during mid-day trading on Friday following a stronger than expected earnings report. The stock traded as high as $11.88 and last traded at $11.85. 1,376 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 39,871 shares. The stock had previously closed at $11.24.

The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $794.62 million during the quarter, compared to analysts’ expectations of $797.86 million. Kimberly-Clark de Mexico SAB de CV had a net margin of 13.71% and a return on equity of 188.20%.

Analysts Set New Price Targets

Separately, Itau BBA Securities upgraded Kimberly-Clark de Mexico SAB de CV from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kimberly-Clark de Mexico SAB de CV has an average rating of “Buy”.

Kimberly-Clark de Mexico SAB de CV Stock Performance

The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.97 and a current ratio of 1.27. The firm has a market cap of $7.08 billion, a P/E ratio of 17.44 and a beta of 0.75. The business’s 50-day simple moving average is $10.60 and its 200 day simple moving average is $10.04.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, SAB. de C.V. operates as one of the leading manufacturers of personal care and paper‐based products in Mexico. As a locally managed subsidiary of the global Kimberly-Clark Corporation, the company focuses on the production, marketing and distribution of consumer staples designed for everyday use, ranging from facial and bathroom tissue to diapers and feminine care items.

The company’s portfolio includes well-known brands such as Kleenex and Scott for tissue products, Huggies for baby care, Kotex for feminine hygiene and Depend for adult incontinence.