Shares of K-Bro Linen Inc. (TSE:KBL – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$35.60 and last traded at C$35.60, with a volume of 9954 shares. The stock had previously closed at C$34.99.
Analyst Ratings Changes
Several brokerages have recently commented on KBL. Acumen Capital upped their price objective on shares of K-Bro Linen from C$42.00 to C$44.00 in a report on Thursday, August 10th. TD Securities upped their price objective on shares of K-Bro Linen from C$39.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Cormark upped their price objective on shares of K-Bro Linen from C$38.00 to C$42.00 in a report on Wednesday, May 17th. Finally, National Bankshares upped their target price on shares of K-Bro Linen from C$34.50 to C$36.00 in a research note on Thursday, August 10th.
K-Bro Linen Stock Performance
K-Bro Linen (TSE:KBL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported C$0.44 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.12. K-Bro Linen had a net margin of 3.19% and a return on equity of 5.34%. The company had revenue of C$80.75 million for the quarter, compared to the consensus estimate of C$77.68 million. As a group, research analysts predict that K-Bro Linen Inc. will post 1.6693702 earnings per share for the current year.
K-Bro Linen Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, August 30th. K-Bro Linen’s dividend payout ratio is presently 137.93%.
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.
- Five stocks we like better than K-Bro Linen
- How to Calculate Stock Profit
- MarketBeat Week in Review – 8/28 – 9/1
- How to Invest in Lithium and Lithium Stocks
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.com's FREE daily email newsletter.