K-Bro Linen (KBL) to Release Earnings on Wednesday

Posted by MarketBeat News on Nov 12th, 2024

K-Bro Linen (TSE:KBL – Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect K-Bro Linen to post earnings of C$0.70 per share for the quarter.

K-Bro Linen Price Performance

TSE KBL opened at C$34.52 on Tuesday. The business’s fifty day moving average is C$34.78 and its 200 day moving average is C$34.50. K-Bro Linen has a fifty-two week low of C$30.69 and a fifty-two week high of C$37.74. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The company has a market capitalization of C$361.08 million, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. K-Bro Linen’s payout ratio is currently 74.07%.

Analysts Set New Price Targets

Want More Great Investing Ideas?

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

View Our Latest Stock Report on K-Bro Linen

Insiders Place Their Bets

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

K-Bro Linen Company Profile

(Get Free Report)

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.