Kimberly Clark Corp (NYSE: KMB)‘s stock had its “market perform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday. They currently have a $92.00 target price on the stock.
Shares of Kimberly Clark Corp (NYSE: KMB) traded up 0.71% during mid-day trading on Thursday, hitting $94.06. Kimberly Clark Corp has a 52 week low of $72.51 and a 52 week high of $96.50. The stock’s 50-day moving average is currently $91.54. The company has a market cap of $36.460 billion and a P/E ratio of 21.13.
Kimberly Clark Corp (NYSE: KMB) last posted its quarterly earnings results on Friday, January 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Kimberly Clark Corp has set its FY13 guidance at $5.50-5.65 EPS. Analysts expect that Kimberly Clark Corp will post $5.59 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on KMB. Analysts at TheStreet reiterated a “buy” rating on shares of Kimberly Clark Corp in a research note to investors on Tuesday.
Three analysts have rated the stock with a buy rating, one has assigned an overweight rating, thirteen have issued a hold rating, and two have given a sell rating to the stock. The stock has a consensus rating of “hold” and an average target price of $88.79.
The company (NYSE: KMB) also recently declared a quarterly dividend, which is scheduled for Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a boost from Kimberly Clark Corp’s previous quarterly dividend of $0.74.
Kimberly-Clark Corporation (Kimberly Clark), is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency.
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