Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Sets New 52-Week High Following Strong Earnings

Shares of Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $11.3965 and last traded at $11.38, with a volume of 2838 shares traded. The stock had previously closed at $11.24.

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

Analyst Ratings Changes

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

Kimberly-Clark de Mexico SAB de CV Stock Performance

The stock’s 50 day moving average price is $10.60 and its two-hundred day moving average price is $10.04. The firm has a market capitalization of $7.08 billion, a PE ratio of 17.44 and a beta of 0.75. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 3.60.

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.