Q2 2024 Earnings Forecast for K-Bro Linen Inc. Issued By Leede Jones Gab (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Equities research analysts at Leede Jones Gab lowered their Q2 2024 earnings estimates for K-Bro Linen in a research report issued to clients and investors on Tuesday, May 7th. Leede Jones Gab analyst D. Loe now expects that the company will earn $0.47 per share for the quarter, down from their prior forecast of $0.48. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.27 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s Q4 2024 earnings at $0.48 EPS and Q4 2025 earnings at $0.54 EPS.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The business had revenue of C$82.46 million for the quarter, compared to analyst estimates of C$80.10 million. K-Bro Linen had a return on equity of 9.90% and a net margin of 5.27%.

KBL has been the topic of a number of other research reports. Acumen Capital boosted their target price on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. TD Securities boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 and gave the stock a “buy” rating in a report on Wednesday.

K-Bro Linen Stock Up 0.5 %

Shares of KBL stock opened at C$35.42 on Thursday. K-Bro Linen has a 12 month low of C$28.21 and a 12 month high of C$37.04. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 68.49. The firm has a market cap of C$370.49 million, a PE ratio of 21.86, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The stock has a 50 day moving average of C$34.71 and a 200-day moving average of C$34.04.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

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.