K-Bro Linen Inc. (TSE:KBL – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Research Report on KBL
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.
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