Cormark Brokers Decrease Earnings Estimates for K-Bro Linen

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Cormark decreased their FY2026 earnings per share estimates for shares of K-Bro Linen in a note issued to investors on Monday, November 18th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $2.85 for the year, down from their prior estimate of $3.19. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share.

Several other equities research analysts have also recently commented on KBL. Raymond James increased their price objective on K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th. Finally, TD Securities increased their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.

K-Bro Linen Price Performance

Shares of KBL stock opened at C$36.13 on Tuesday. The stock has a market cap of C$377.92 million, a price-to-earnings ratio of 22.30, a PEG ratio of 3.50 and a beta of 1.08. The business’s fifty day moving average is C$34.67 and its 200 day moving average is C$34.51. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$37.74. 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 Announces Dividend

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. This represents a $1.20 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insider Buying and Selling at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was 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 corporate insiders.

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.