K-Bro Linen Inc. (TSE:KBL) Senior Officer Jeffrey Ronald Gannon Sells 1,100 Shares

K-Bro Linen Inc. (TSE:KBL) Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00.

K-Bro Linen Stock Down 0.7 %

K-Bro Linen stock traded down C$0.27 during trading hours on Thursday, hitting C$35.87. The stock had a trading volume of 6,778 shares, compared to its average volume of 11,986. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock has a market capitalization of C$375.20 million, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. K-Bro Linen Inc. has a 12-month low of C$30.03 and a 12-month high of C$37.74. The stock’s 50-day moving average price is C$35.75 and its 200-day moving average price is C$34.57.

K-Bro Linen (TSE:KBL) last issued its earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.51 by C$0.08. K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%. The business had revenue of C$93.47 million during the quarter, compared to analysts’ expectations of C$88.57 million. Equities research analysts anticipate that K-Bro Linen Inc. will post 2.3401929 EPS for the current fiscal year.

K-Bro Linen Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. K-Bro Linen’s dividend payout ratio is 74.07%.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.