National Bank Financial Weighs in on KP Tissue Inc.’s FY2023 Earnings (TSE:KPT)

KP Tissue Inc. (TSE:KPTGet Rating) – Analysts at National Bank Financial lowered their FY2023 earnings per share (EPS) estimates for shares of KP Tissue in a note issued to investors on Thursday, May 12th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $0.36 per share for the year, down from their prior estimate of $0.40.

KPT has been the subject of several other research reports. National Bankshares lowered their target price on shares of KP Tissue from C$11.00 to C$10.50 and set a “sector perform” rating for the company in a report on Friday. Royal Bank of Canada dropped their price target on KP Tissue from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Friday.

TSE:KPT opened at C$10.95 on Monday. The firm has a fifty day simple moving average of C$11.03 and a two-hundred day simple moving average of C$10.68. The stock has a market capitalization of C$108.35 million and a price-to-earnings ratio of 86.90. KP Tissue has a 12 month low of C$10.00 and a 12 month high of C$12.51.

KP Tissue (TSE:KPTGet Rating) last released its earnings results on Thursday, March 10th. The company reported C$0.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.32. The firm had revenue of C$424.03 million for the quarter, compared to analyst estimates of C$385.20 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.72 annualized dividend and a yield of 6.58%. KP Tissue’s payout ratio is currently 571.43%.

KP Tissue Company Profile (Get Rating)

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins, as well as manufactures private label tissue products.

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