K-Bro Linen Inc. (TSE:KBL) Senior Officer Jeffrey Ronald Gannon Sells 1,100 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) 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.

K-Bro Linen Stock Up 1.0 %

Shares of K-Bro Linen stock opened at C$36.50 on Friday. The business has a fifty day simple moving average of C$35.81 and a 200 day simple moving average of C$34.59. The stock has a market cap of C$381.79 million, a PE ratio of 22.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. K-Bro Linen Inc. has a 12 month low of C$30.03 and a 12 month high of C$37.74.

K-Bro Linen (TSE:KBL) last posted its earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.51 by C$0.08. The company had revenue of C$93.47 million during the quarter, compared to analyst estimates of C$88.57 million. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. Research analysts predict that K-Bro Linen Inc. will post 2.3401929 EPS for the current year.

K-Bro Linen Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Monday, September 30th. K-Bro Linen’s payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted 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.

K-Bro Linen Company Profile

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.