Leede Financial Predicts Weaker Earnings for K-Bro Linen

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Leede Financial decreased their Q4 2024 earnings per share estimates for shares of K-Bro Linen in a report issued on Thursday, November 14th. Leede Financial analyst D. Loe now forecasts that the company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.42. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Leede Financial also issued estimates for K-Bro Linen’s Q1 2025 earnings at $0.28 EPS and Q4 2025 earnings at $0.46 EPS.

KBL has been the subject of several other research reports. Stifel Nicolaus lifted their price objective on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday. TD Securities boosted their target price on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday. Finally, Raymond James increased their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

K-Bro Linen Stock Up 0.1 %

KBL opened at C$34.82 on Friday. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$37.74. The company’s 50-day moving average price is C$34.70 and its two-hundred day moving average price is C$34.50. The stock has a market cap of C$364.22 million, a price-to-earnings ratio of 21.49, a PEG ratio of 3.50 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

Insiders Place Their Bets

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is owned by insiders.

K-Bro Linen Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.10 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.45%. K-Bro Linen’s payout ratio is 74.07%.

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.