87.30 +0.14 (0.16%)
After hours: 6:06PM EDT
|Bid||87.02 x 800|
|Ask||87.29 x 1100|
|Day's Range||86.01 - 87.30|
|52 Week Range||70.73 - 93.14|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||22.79|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||2.87 (3.29%)|
|1y Target Est||88.42|
Kimberly-Clark (KMB) continued to disappoint investors with its sluggish margin performance in the third quarter. The company’s margins remained weak despite its improvements in pricing. During the third quarter, Kimberly-Clark’s adjusted gross margin contracted 250 basis points to 33.2% due to higher commodity costs, primarily of pulp and other raw materials. KMB’s management stated that inflation in commodities had had a negative impact of $210 million during the quarter.
In this daily bar chart of PG, below, we can see that prices are above the now rising 50-day moving average line and the still declining 200-day line. The daily On-Balance-Volume (OBV) line has been rising since late May and tells me that buyers of PG have been acting in the marketplace more aggressively with heavier volume being traded on days when PG has closed higher on the day. In this weekly bar chart of PG, below, we have some different signals than the daily chart.
Kimberly-Clark (KMB) reported stronger-than-expected net sales in the third quarter. The company’s net sales of $4.6 billion surpassed analysts’ consensus estimate of $4.5 billion. However, its net sales fell ~2% YoY (year-over-year), reflecting the adverse impact of currency rates (-3%) and lower volumes (-1%), primarily in the Consumer Tissue segment. Its net pricing improved during the third quarter. Meanwhile, its favorable mix further supported its net sales. The company’s organic sales increased 1% driven by higher pricing and mix.
Household product stocks have faced a challenge unlike any other challenge dealt with in previous decades. By and large, these companies produce products necessary for everyday life. At the same time, many also stand as products that other companies could easily copy. In the heyday of brick-and-mortar stores, they stood out above competitors by dominating shelf space at major stores. They also own familiar brands which have fostered consumer loyalty over the decades.
Kimberly-Clark (KMB) reported better-than-expected third-quarter earnings results on October 22. It exceeded analysts’ top line estimate, which is an encouraging sign. Meanwhile, the company’s organic sales improved thanks to higher pricing and a favorable mix. Its bottom line also came in ahead of analysts’ estimate and improved YoY (year-over-year), reflecting a considerable fall in the tax rate and a lower outstanding share count.
The Procter & Gamble Company will webcast the presentation from the 2018 P&G Investor Day in Cincinnati, Ohio on Thursday, November 8, 2018 beginning at 2:00 p.m. ET.
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Household goods companies Procter & Gamble and Kimberly-Clark both saw their share price drop in Monday trading. Procter & Gamble reported better than expected earnings last week. Kimberly-Clark also reported better than expected earnings and announced changes in Company’s management.
The stock market turned red in morning trade Monday after reversing from early gains. Netflix slipped 2% after announcing a bond offering.
Procter & Gamble Co.’s Imflux division has signed a first-of-its-kind distribution agreement with Milacron Holdings Corp., a manufacturer of plastics-processing machinery.
This year, it has been two entirely different tales for the two consumer sectors. As measured by the Consumer Discretionary Select Sector SPDR (NYSEARCA:XLY), consumer cyclical stocks are up 8.7% year-to-date. Among consumer ETFs, however, those tracking the slower-moving staples sector are lagging. The Consumer Staples Select Sector SPDR (NYSEARCA:XLP), the largest ETF tracking that sector, is lower by nearly 2% this year.
One of the top corporate communications managers at Procter & Gamble Co. has been hired as senior director of external communications by Hertz Global Holdings Inc.
Investing.com - Kimberly-Clark (NYSE:KMB) reported third quarter earnings that missed analyst's expectations on Monday and revenue that topped forecasts.
U.S. stock futures are trading higher to open an earnings-filled week. Specifically, about 22.2 million calls and 23.6 million puts changed hands on the session. Cleveland Cliffs (NYSE:CLF) underwent a volatile trading session after its earnings release.
At the other end of the spectrum was Procter & Gamble (NYSE:PG), which gained 8.8% after reporting first fiscal quarter results that offered a much-needed ray of hope that a turnaround was brewing. Stock charts of Netflix (NASDAQ:NFLX), Nvidia (NASDAQ:NVDA) and PPL (NYSE:PPL) are some of those top prospects. On Wednesday morning of last week, Netflix was all the rage.
chief executive is standing aside after 16 years leading the maker of Kleenex tissues, Huggies nappies and Andrex toilet roll — and in the middle of a restructuring. Thomas Falk, 60, has been chief executive since 2002 and chairman since 2003. Mr Falk led the spin off of Kimberly-Clark’s US-based healthcare business in 2014.
Consumer staples stocks just had a banner week, but some money managers aren't so optimistic the trend is sustainable.
We look ahead to earnings releases from Halliburton, Hasbro and Kimberly-Clark, and behind us at Procter & Gamble, Cleveland-Cliffs and PayPal.
Procter & Gamble (NYSE:PG) shares jumped on Friday, surging more than 8.5% after the company beat on earnings and revenue expectations. The move allowed PG stock to burst over two prior trend-lines — one downtrend and one uptrend. After a colorful conference call to say the least, Cleveland Cliffs (NYSE:CLF) is down about 5.5% Friday.
Has the U.S. stock market, at last, reached the turn of the cycle? The economy, of course, has been running hot, but in the short run the correlation between the economy and the stock market is minimal.