Kimberly-Clark (NYSE:KMB) Announces Earnings Results, Beats Expectations By $0.40 EPS

Kimberly-Clark (NYSE:KMB) posted its quarterly earnings data on Tuesday. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40, Briefing.com reports. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share.

Kimberly-Clark Stock Up 1.3 %

Shares of NYSE KMB opened at $137.78 on Thursday. The stock has a market capitalization of $46.42 billion, a PE ratio of 25.33, a P/E/G ratio of 4.05 and a beta of 0.40. Kimberly-Clark has a one year low of $116.32 and a one year high of $147.87. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The business’s fifty day moving average price is $125.17 and its 200-day moving average price is $122.66.

Insider Transactions at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMB. Citigroup upped their price target on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $135.21.

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.