FY2024 Earnings Estimate for KP Tissue Inc. Issued By Desjardins (TSE:KPT)

KP Tissue Inc. (TSE:KPT) – Stock analysts at Desjardins upped their FY2024 earnings per share (EPS) estimates for KP Tissue in a report issued on Thursday, November 9th. Desjardins analyst F. Tremblay now expects that the company will earn $0.48 per share for the year, up from their previous forecast of $0.32. The consensus estimate for KP Tissue’s current full-year earnings is $0.32 per share.

KP Tissue (TSE:KPT) last issued its quarterly earnings results on Thursday, August 10th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.13. The business had revenue of C$466.30 million during the quarter, compared to analysts’ expectations of C$457.20 million.

A number of other equities research analysts also recently weighed in on KPT. National Bankshares boosted their price objective on shares of KP Tissue from C$10.00 to C$10.50 in a research report on Friday, August 11th. Royal Bank of Canada upgraded shares of KP Tissue from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$10.00 to C$12.00 in a research note on Wednesday, July 19th. Finally, CIBC increased their target price on shares of KP Tissue from C$10.50 to C$11.00 in a research note on Monday, August 14th.

KP Tissue Stock Performance

KPT opened at C$9.69 on Monday. The company has a market capitalization of C$96.42 million, a P/E ratio of -6.06, a PEG ratio of -0.88 and a beta of 0.44. The company has a 50-day moving average of C$9.87 and a 200-day moving average of C$10.17. KP Tissue has a 1-year low of C$9.15 and a 1-year high of C$10.84.

KP Tissue Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, December 29th. KP Tissue’s dividend payout ratio is currently -45.00%.

About KP Tissue

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.