Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Trading 5.4% Higher Following Strong Earnings

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY)’s share price was up 5.4% on Friday following a stronger than expected earnings report. The stock traded as high as $11.88 and last traded at $11.85. Approximately 1,376 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 39,871 shares. The stock had previously closed at $11.24.

The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Kimberly-Clark de Mexico SAB de CV had a net margin of 13.02% and a return on equity of 140.79%. The business had revenue of $794.62 million during the quarter, compared to the consensus estimate of $797.86 million.

Analyst Ratings Changes

Separately, Itau BBA Securities raised Kimberly-Clark de Mexico SAB de CV from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kimberly-Clark de Mexico SAB de CV Trading Up 5.4%

The stock’s fifty day moving average price is $10.57 and its 200 day moving average price is $10.03. The stock has a market cap of $7.29 billion, a P/E ratio of 19.43 and a beta of 0.75. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 3.60.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, SAB. de C.V. operates as one of the leading manufacturers of personal care and paper‐based products in Mexico. As a locally managed subsidiary of the global Kimberly-Clark Corporation, the company focuses on the production, marketing and distribution of consumer staples designed for everyday use, ranging from facial and bathroom tissue to diapers and feminine care items.

The company’s portfolio includes well-known brands such as Kleenex and Scott for tissue products, Huggies for baby care, Kotex for feminine hygiene and Depend for adult incontinence.