Q3 Earnings Forecast for K-Bro Linen Issued By Stifel Canada

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Stifel Canada increased their Q3 2024 EPS estimates for K-Bro Linen in a research report issued on Wednesday, October 30th. Stifel Canada analyst J. Keywood now anticipates that the company will post earnings of $0.84 per share for the quarter, up from their prior estimate of $0.78. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Stifel Canada also issued estimates for K-Bro Linen’s FY2024 earnings at $2.02 EPS.

Separately, Raymond James raised their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

K-Bro Linen Stock Performance

Shares of KBL opened at C$34.00 on Monday. The company has a market capitalization of C$355.64 million, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock has a 50 day moving average price of C$35.04 and a 200 day moving average price of C$34.55.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 EPS for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The business had revenue of C$93.47 million for the quarter, compared to the consensus estimate of C$88.57 million.

Insider Buying and Selling

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total value of C$39,611.00. 3.25% of the stock is currently owned by company insiders.

K-Bro Linen Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

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.