K-Bro Linen Inc. (TSE:KBL - Free Report) - Research analysts at Leede Financial boosted their FY2024 earnings per share estimates for K-Bro Linen in a report issued on Thursday, November 14th. Leede Financial analyst D. Loe now anticipates that the company will post earnings per share of $1.77 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.
Several other analysts have also weighed in on KBL. Stifel Nicolaus lifted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. TD Securities upped their target price on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday. Finally, Raymond James increased their price objective on K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.
View Our Latest Analysis on K-Bro Linen
K-Bro Linen Price Performance
Shares of K-Bro Linen stock traded up C$0.18 during midday trading on Monday, hitting C$35.00. 6,694 shares of the company traded hands, compared to its average volume of 11,237. The firm's fifty day moving average price is C$34.70 and its 200-day moving average price is C$34.49. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. 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$366.10 million, a price-to-earnings ratio of 21.60, a PEG 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 the firm'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. 3.25% of the stock is currently owned by company insiders.
K-Bro Linen Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 3.43%. K-Bro Linen's payout ratio is 74.07%.
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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