Kimberly Clark (KMB) Releases FY18 Earnings Guidance
Kimberly Clark (NYSE:KMB) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.90-7.20 for the period, compared to the Thomson Reuters consensus estimate of $6.63. The company issued revenue guidance of +1-2% to ~$18.44-18.62 billion, compared to the consensus revenue estimate of $18.65 billion.
Several research firms have weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a hold rating to a buy rating and set a $134.00 price target for the company in a research note on Wednesday, January 10th. Bank of America decreased their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a neutral rating for the company in a research report on Tuesday, October 24th. Citigroup reissued a hold rating and set a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Barclays reissued a hold rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Finally, Wells Fargo & Co decreased their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a market perform rating for the company in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $126.50.
Shares of Kimberly Clark (NYSE:KMB) opened at $116.91 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The company has a market cap of $41,120.00, a PE ratio of 19.29, a PEG ratio of 2.84 and a beta of 0.75. Kimberly Clark has a 52-week low of $109.67 and a 52-week high of $136.21.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.42%. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio is presently 64.03%.
About Kimberly Clark
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.