Market Update (NYSE:KMB): Kimberly-Clark Professional Introduces Scott Essential: The First Scott Branded Towel Dispenser System

[PR Newswire] – ROSWELL, Ga., June 1, 2016 /PRNewswire/ — Kimberly-Clark Professional has introduced the Scott Essential Towel Dispenser System, the first Scott branded towel dispenser system in its history. The new … Read more on this. Kimberly-Clark Corporation (KMB) , with a current value of $46.08B, began trading this morning at $126.88. A quick look at the market, the company’s stock traded between $126.76 and $128.05 with its 52-week range being $103.04 to $138.76. KMB shares are currently priced at 20.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.62x earnings multiple. And for passive income investors, the company pays shareholders $3.68 per share annually in dividends, yielding 2.86%. According to a consensus of 12 analysts, the earnings estimate of $1.48 per share would be $0.07 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.10 would be a $0.34 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.57 Billion. If realized, that would be a 1.51% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded KMB from Buy to Hold (Apr 25, 2016). Previously, Societe Generale upgraded KMB from Hold to Buy. The average price target for KMB shares by the analysts covering it is $137.67, which is 8.50% above where the stock opened. See more in (NYSE:KMB) Similar Articles: Market Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Names Chief Information Officer Stock Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Professional Offers Industry’s First Comprehensive Lifetime Warranty for Product Dispensers Market Update: Kimberly-Clark Corporation (NYSE:KMB) – Kimberly-Clark Announces Year-End 2015 Results And 2016 Outlook