FY2024 EPS Estimates for Kimberly-Clark Boosted by Analyst

Kimberly-Clark Co. (NYSE:KMB) – Investment analysts at Zacks Research boosted their FY2024 earnings estimates for shares of Kimberly-Clark in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the company will earn $7.27 per share for the year, up from their prior estimate of $7.21. The consensus estimate for Kimberly-Clark’s current full-year earnings is $7.27 per share. Zacks Research also issued estimates for Kimberly-Clark’s Q4 2024 earnings at $1.47 EPS, Q1 2025 earnings at $1.97 EPS, Q2 2025 earnings at $1.87 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.82 EPS, FY2025 earnings at $7.52 EPS, Q1 2026 earnings at $2.09 EPS, Q2 2026 earnings at $1.97 EPS, Q3 2026 earnings at $1.95 EPS and FY2026 earnings at $7.75 EPS.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS.

KMB has been the topic of several other research reports. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $149.93.

Kimberly-Clark Trading Up 1.8 %

KMB opened at $134.08 on Thursday. The firm’s fifty day moving average is $139.75 and its two-hundred day moving average is $139.13. The firm has a market cap of $44.71 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. Kimberly-Clark has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Hedge Funds Weigh In On Kimberly-Clark

Large investors have recently modified their holdings of the business. State Street Corp raised its holdings in Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after purchasing an additional 358,926 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimberly-Clark by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after buying an additional 20,953 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after buying an additional 342,790 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.64%. Kimberly-Clark’s payout ratio is currently 63.29%.

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.