Stifel Canada Predicts K-Bro Linen’s Q4 Earnings (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Stifel Canada lowered their Q4 2024 earnings estimates for shares of K-Bro Linen in a report issued on Wednesday, October 30th. Stifel Canada analyst J. Keywood now anticipates that the company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.60. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share.

Separately, Raymond James increased their target price on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

K-Bro Linen Stock Up 3.5 %

Shares of TSE:KBL opened at C$34.00 on Friday. The company has a 50 day moving average price of C$35.11 and a two-hundred day moving average price of C$34.56. 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$355.64 million, a PE ratio of 20.65, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52 week low of C$30.69 and a 52 week high of C$37.74.

K-Bro Linen (TSE:KBL) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share for the quarter, topping the consensus estimate of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The firm had revenue of C$93.47 million during the quarter, compared to analysts’ expectations of C$88.57 million.

Insider Transactions at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 insiders.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.10 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. K-Bro Linen’s payout ratio is 74.07%.

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.