Leede Financial Forecasts Stronger Earnings for K-Bro Linen

K-Bro Linen Inc. (TSE:KBL) – Equities research analysts at Leede Financial boosted their FY2024 earnings estimates for K-Bro Linen in a note issued to investors on Thursday, November 14th. Leede Financial analyst D. Loe now anticipates that the company will post earnings of $1.77 per share for the year, up from their prior forecast of $1.60. 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 Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.84 EPS, FY2025 earnings at $2.23 EPS and FY2026 earnings at $2.57 EPS.

A number of other research analysts also recently issued reports on KBL. Raymond James lifted their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday. Finally, TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday.

K-Bro Linen Stock Up 0.5 %

Shares of K-Bro Linen stock opened at C$35.00 on Monday. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$37.74. The company has a 50 day moving average of C$34.70 and a 200 day moving average of C$34.49. 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 company has a market capitalization of C$366.10 million, a P/E ratio of 21.60, a P/E/G ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen 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. Insiders own 3.25% of the company’s stock.

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.