FY2024 Earnings Forecast for KP Tissue Issued By Desjardins

KP Tissue Inc. (TSE:KPT) – Research analysts at Desjardins lifted their FY2024 earnings estimates for shares of KP Tissue in a research report issued on Wednesday, November 13th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings of $0.91 per share for the year, up from their previous estimate of $0.89. The consensus estimate for KP Tissue’s current full-year earnings is $0.44 per share.

Separately, TD Securities increased their target price on KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th.

KP Tissue Stock Performance

TSE:KPT opened at C$8.30 on Friday. The company has a market capitalization of C$82.75 million, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. KP Tissue has a one year low of C$7.99 and a one year high of C$9.72. The stock has a 50-day simple moving average of C$8.33 and a 200 day simple moving average of C$8.38.

KP Tissue Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.67%. KP Tissue’s payout ratio is currently 120.00%.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.