K-Bro Linen Inc. (TSE:KBL - Free Report) - Cormark lowered their FY2026 earnings per share (EPS) estimates for K-Bro Linen in a research report issued on Monday, November 18th. Cormark analyst K. Mcphee now expects that the company will earn $2.85 per share for the year, down from their previous forecast of $3.19. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share.
Other analysts have also issued reports about the company. Stifel Nicolaus boosted their price target on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday. Raymond James increased their price objective on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Finally, TD Securities increased their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday.
View Our Latest Report on K-Bro Linen
K-Bro Linen Price Performance
KBL stock traded up C$0.19 during midday trading on Tuesday, reaching C$35.19. 2,395 shares of the company's stock traded hands, compared to its average volume of 11,197. The company has a 50-day simple moving average of C$34.66 and a two-hundred day simple moving average of C$34.49. The company has a market cap of C$368.09 million, a price-to-earnings ratio of 21.72, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 1-year low of C$30.69 and a 1-year 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.
K-Bro Linen Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Thursday, October 31st. K-Bro Linen's dividend payout ratio is presently 74.07%.
Insider Activity
In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Insiders own 3.25% of the company's stock.
K-Bro Linen Company Profile
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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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