Jefferies Financial Group Brokers Reduce Earnings Estimates for Kimberly-Clark Co. (NYSE:KMB)

Kimberly-Clark Co. (NYSE:KMBGet Rating) – Stock analysts at Jefferies Financial Group reduced their FY2023 EPS estimates for Kimberly-Clark in a research note issued on Wednesday, January 4th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will earn $6.32 per share for the year, down from their prior forecast of $6.85. Jefferies Financial Group has a “Hold” rating and a $139.00 price objective on the stock. The consensus estimate for Kimberly-Clark’s current full-year earnings is $5.60 per share. Jefferies Financial Group also issued estimates for Kimberly-Clark’s FY2024 earnings at $7.12 EPS.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $118.00 to $117.00 and set an “underweight” rating for the company in a research report on Thursday, October 13th. Evercore ISI assumed coverage on Kimberly-Clark in a report on Monday, October 17th. They issued an “in-line” rating for the company. Deutsche Bank Aktiengesellschaft downgraded Kimberly-Clark from a “hold” rating to a “sell” rating and upped their price target for the company from $120.00 to $123.00 in a report on Tuesday, December 6th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Monday, January 2nd. Finally, Morgan Stanley lowered their price target on Kimberly-Clark from $137.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday, October 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $131.36.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $138.45 on Friday. Kimberly-Clark has a one year low of $108.74 and a one year high of $145.79. The company has a market cap of $46.73 billion, a PE ratio of 26.22, a P/E/G ratio of 3.32 and a beta of 0.40. The company has a debt-to-equity ratio of 13.08, a quick ratio of 0.46 and a current ratio of 0.78. The business has a 50-day simple moving average of $133.17 and a 200-day simple moving average of $129.17.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.08). Kimberly-Clark had a return on equity of 250.21% and a net margin of 8.84%. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, December 8th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.88%.

Institutional Investors Weigh In On Kimberly-Clark

Several large investors have recently modified their holdings of the stock. New Millennium Group LLC purchased a new position in Kimberly-Clark in the second quarter worth $27,000. Wagner Wealth Management LLC purchased a new position in Kimberly-Clark in the second quarter worth $28,000. West Oak Capital LLC raised its position in Kimberly-Clark by 50.0% in the second quarter. West Oak Capital LLC now owns 240 shares of the company’s stock worth $32,000 after acquiring an additional 80 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in Kimberly-Clark by 103.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 364 shares of the company’s stock worth $41,000 after acquiring an additional 185 shares in the last quarter. Finally, Heritage Financial Services LLC purchased a new position in Kimberly-Clark in the second quarter worth $42,000. Hedge funds and other institutional investors own 74.16% of the company’s stock.

Kimberly-Clark Company Profile

(Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Earnings History and Estimates for Kimberly-Clark (NYSE:KMB)

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