K-Bro Linen Inc. (TSE:KBL - Free Report) - Analysts at Cormark decreased their FY2024 earnings per share estimates for shares of K-Bro Linen in a report issued on Monday, November 18th. Cormark analyst K. Mcphee now expects that the company will post earnings of $1.66 per share for the year, down from their prior forecast of $2.18. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share. Cormark also issued estimates for K-Bro Linen's FY2025 earnings at $2.33 EPS.
Several other research analysts have also commented on KBL. Raymond James boosted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. TD Securities increased their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th.
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K-Bro Linen Trading Up 0.9 %
Shares of TSE KBL traded up C$0.30 during mid-day trading on Wednesday, reaching C$35.49. The company had a trading volume of 3,300 shares, compared to its average volume of 11,161. 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 current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The stock has a market cap of C$371.23 million, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The business's 50-day moving average is C$34.66 and its 200-day moving average is C$34.49.
K-Bro Linen Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. K-Bro Linen's dividend payout ratio is currently 74.07%.
Insiders Place Their Bets
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 shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. Corporate insiders own 3.25% of the company's stock.
About K-Bro Linen
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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.
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