Desjardins Has Bearish Forecast for KP Tissue Q4 Earnings

KP Tissue Inc. (TSE:KPT) – Analysts at Desjardins lowered their Q4 2024 earnings per share (EPS) estimates for shares of KP Tissue in a research report issued to clients and investors on Wednesday, November 13th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.19. The consensus estimate for KP Tissue’s current full-year earnings is $0.44 per share. Desjardins also issued estimates for KP Tissue’s FY2025 earnings at $0.72 EPS.

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

KP Tissue Stock Down 1.1 %

TSE KPT opened at C$8.18 on Monday. KP Tissue has a twelve month low of C$7.99 and a twelve month high of C$9.72. The company has a market cap of C$81.55 million, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. The business’s fifty day moving average is C$8.33 and its 200 day moving average is C$8.38.

KP Tissue Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.80%. The ex-dividend date was Friday, September 27th. KP Tissue’s dividend payout ratio is currently 120.00%.

KP Tissue Company Profile

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.