Q4 Earnings Estimate for K-Bro Linen Issued By Stifel Canada

K-Bro Linen Inc. (TSE:KBL) – Investment analysts at Stifel Canada cut their Q4 2024 EPS estimates for K-Bro Linen in a report issued on Thursday, November 14th. Stifel Canada analyst J. Keywood now anticipates that the company will earn $0.50 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Stifel Canada also issued estimates for K-Bro Linen’s FY2025 earnings at $2.62 EPS.

Several other research analysts have also recently weighed in on the stock. Raymond James upped their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Stifel Nicolaus upped their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. Finally, TD Securities upped their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.

K-Bro Linen Trading Up 0.5 %

K-Bro Linen stock opened at C$35.19 on Monday. The stock has a market cap of C$368.09 million, a P/E ratio of 21.72, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a fifty-two week low of C$30.69 and a fifty-two week high of C$37.74. The firm’s fifty day moving average price is C$34.66 and its 200-day moving average price is C$34.49. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

Insider Buying and Selling

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s 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 company insiders.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.41%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

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.