FY2024 EPS Estimates for K-Bro Linen Increased by Analyst

K-Bro Linen Inc. (TSE:KBL - Free Report) - Investment analysts at Raymond James lifted their FY2024 earnings per share estimates for K-Bro Linen in a research note issued on Thursday, November 14th. Raymond James analyst M. Glen now expects that the company will earn $1.73 per share for the year, up from their prior estimate of $1.69. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen's FY2025 earnings at $2.20 EPS.

Other research analysts also recently issued reports about the company. TD Securities upped their price target on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday. Stifel Nicolaus increased their price target on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday.

K-Bro Linen Stock Performance

Shares of K-Bro Linen stock traded up C$0.18 during trading hours on Monday, reaching C$35.00. 6,694 shares of the stock traded hands, compared to its average volume of 11,237. The company has a 50 day moving average price of C$34.70 and a 200 day moving average price of C$34.49. The firm has a market capitalization of C$366.10 million, a price-to-earnings ratio of 21.60, a P/E/G ratio of 3.50 and a beta of 1.08. 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 has a one year low of C$30.69 and a one year high of C$37.74.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen 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. Company insiders own 3.25% of the company's stock.

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 paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, October 31st. K-Bro Linen's payout ratio is 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.