Kimberly-Clark Corporation (NYSE:KMB) manufacturer of personal care products, is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.75 per share.
Looking ahead, the full year income are expected at $ 7.70 per share on the revenues of $ 18822.20 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 18,634.50 million ~ $ 18,819.00 million, where as bottomline are predicted in a range of $ 7.40 ~ $ 7.60 per share
Click Here For More Historical Outlooks Of Kimberly-Clark Corporation
Previous Quarter Performance
Kimberly-Clark Corporation posted income for the second quarter of $ 2.20 per share, from the revenue of $ 4,612.00 million. The quarterly earnings expanded 31.74 percent while revenues increased 0.39 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.80 per share from $ 4514.14 million in revenue. The bottom line results beat street analysts by $ 0.4 or 22.22 percent, at the same time, top line results outshined analysts by $ 97.86 million or 2.17 percent.
Stock Performance
Shares of Kimberly-Clark Corporation traded up $ 0.62 or 0.41 percent on Wednesday, reaching $ 149.14 with volume of 1.26 million shares. The stock opened down for the day at $ 147.80, after closing the previous day trading at $ 148.52.
According to the previous trading day, closing price of $ 148.52, representing a 34.21 % increase from the 52 week low of $ 110.66 and a 7.27 % decrease over the 52 week high of $ 160.16.
The company has a market capital of $ 50.86 billion and is part of the Consumer Defensive sector and Household & Personal Products industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by Berenberg Bank at Buy rating, with $ 181.00 target price.
- On 15th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 187.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.07 per share on August 3, 2020. The dividend were payable on October 2, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Kimberly-Clark Corporation will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kimberly-clark.com
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
