Q3 EPS Estimates for K-Bro Linen Increased by Stifel Canada

K-Bro Linen Inc. (TSE:KBL) – Equities researchers at Stifel Canada raised their Q3 2024 earnings per share (EPS) estimates for K-Bro Linen in a report released on Wednesday, October 30th. Stifel Canada analyst J. Keywood now forecasts that the company will post earnings of $0.84 per share for the quarter, up from their prior forecast of $0.78. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Stifel Canada also issued estimates for K-Bro Linen’s FY2024 earnings at $2.02 EPS.

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

K-Bro Linen Trading Down 0.4 %

Shares of KBL stock opened at C$33.85 on Monday. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The stock has a market cap of C$354.07 million, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The stock has a 50 day simple moving average of C$35.04 and a 200 day simple moving average of C$34.54. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$37.74.

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

K-Bro Linen Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insider Transactions at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Company insiders own 3.25% of the company’s stock.

K-Bro Linen Company Profile

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.