Kimberly-Clark (NYSE:KMB) Issues Earnings Results

Kimberly-Clark (NYSE:KMB) released its earnings results on Tuesday. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25, RTT News reports. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share.

Kimberly-Clark Stock Up 2.5 %

NYSE:KMB traded up $3.38 during mid-day trading on Wednesday, reaching $139.26. The company’s stock had a trading volume of 1,488,244 shares, compared to its average volume of 2,149,620. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The firm has a market capitalization of $46.89 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 3.20 and a beta of 0.37. The stock has a fifty day moving average of $137.40 and a 200-day moving average of $129.90. Kimberly-Clark has a 1 year low of $116.32 and a 1 year high of $145.62.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 454 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares in the company, valued at $70,324.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Kimberly-Clark news, insider Katy Chen sold 454 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now directly owns 520 shares in the company, valued at $70,324.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The disclosure for this sale can be found here. Insiders have sold a total of 14,217 shares of company stock valued at $1,936,660 over the last ninety days. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday. Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, TD Cowen assumed coverage on Kimberly-Clark in a report on Tuesday. They set a “buy” rating and a $161.00 price target on the stock. Two 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, the stock has a consensus rating of “Hold” and an average price target of $145.67.

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.