K-Bro Linen FY2024 EPS Forecast Lifted by Leede Financial

K-Bro Linen Inc. (TSE:KBL) – Equities researchers at Leede Financial boosted their FY2024 earnings per share estimates for K-Bro Linen in a research report issued to clients and investors on Thursday, November 14th. Leede Financial analyst D. Loe now forecasts that the company will earn $1.77 per share for the year, up from their prior estimate of $1.60. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Leede Financial also issued estimates for K-Bro Linen’s Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.84 EPS, FY2025 earnings at $2.23 EPS and FY2026 earnings at $2.57 EPS.

Other equities analysts also recently issued reports about the stock. TD Securities upped their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a report on Friday. Raymond James upped their price objective on K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus raised their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday.

K-Bro Linen Stock Up 0.1 %

Shares of TSE KBL opened at C$34.82 on Monday. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The firm’s 50-day moving average price is C$34.70 and its 200-day moving average price is C$34.49. The stock has a market capitalization of C$364.22 million, a price-to-earnings ratio of 21.49, a P/E/G ratio of 3.50 and a beta of 1.08.

Insider Buying and Selling at K-Bro Linen

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

K-Bro Linen Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s payout ratio is currently 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.