Raymond James Increases Earnings Estimates for K-Bro Linen

K-Bro Linen Inc. (TSE:KBLFree Report) – Equities researchers at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of K-Bro Linen in a research note issued on Thursday, November 14th. Raymond James analyst M. Glen now anticipates that the company will post earnings per share of $1.73 for the year, up from their previous forecast of $1.69. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen’s FY2025 earnings at $2.20 EPS.

A number of other research firms have also recently weighed in on KBL. TD Securities upped their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday.

Check Out Our Latest Stock Analysis on K-Bro Linen

K-Bro Linen Trading Up 0.1 %

TSE:KBL opened at C$34.82 on Monday. K-Bro Linen has a 1 year low of C$30.69 and a 1 year 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 stock has a fifty day moving average price of C$34.70 and a two-hundred day moving average price of C$34.49. The stock has a market capitalization 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.

K-Bro Linen Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.45%. K-Bro Linen’s payout ratio is 74.07%.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction dated Thursday, September 19th. The shares were 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 corporate 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.

Featured Articles

Earnings History and Estimates for K-Bro Linen (TSE:KBL)

Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.com's FREE daily email newsletter.