K-Bro Linen (KBL) Scheduled to Post Earnings on Wednesday

K-Bro Linen (TSE:KBL) is set to release its earnings data after the market closes on Wednesday, November 13th. Analysts expect K-Bro Linen to post earnings of C$0.70 per share for the quarter.

K-Bro Linen Trading Up 0.0 %

K-Bro Linen stock opened at C$34.44 on Monday. K-Bro Linen has a 12 month low of C$30.69 and a 12 month high of C$37.74. The stock has a market cap of C$360.24 million, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The business has a 50 day moving average price of C$34.84 and a two-hundred day moving average price of C$34.51. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, October 31st. K-Bro Linen’s dividend payout ratio is 74.07%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.