FY2024 EPS Forecast for K-Bro Linen Increased by Analyst

K-Bro Linen Inc. (TSE:KBL) – Equities research analysts at Raymond James raised their FY2024 earnings per share estimates for shares of K-Bro Linen in a research report issued on Thursday, November 14th. Raymond James analyst M. Glen now anticipates that the company will earn $1.73 per share for the year, up from their previous estimate 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.

Several other brokerages have also commented on KBL. Stifel Nicolaus lifted their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. TD Securities lifted their target price on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday.

K-Bro Linen Stock Up 0.1 %

KBL stock opened at C$34.82 on Monday. The stock has a market cap of C$364.22 million, a P/E ratio of 21.49, a PEG ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$37.74. The company’s 50 day moving average is C$34.70 and its two-hundred day moving average is C$34.49.

Insider Activity 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 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 owned by insiders.

K-Bro Linen Announces Dividend

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