K-Bro Linen (KBL) to Release Earnings on Wednesday

K-Bro Linen (TSE:KBL - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect K-Bro Linen to post earnings of C$0.70 per share for the quarter.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share for the quarter, topping the consensus estimate of C$0.51 by C$0.08. The business had revenue of C$93.47 million during the quarter, compared to analysts' expectations of C$88.57 million. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%.

K-Bro Linen Stock Up 1.6 %

Shares of K-Bro Linen stock traded up C$0.54 during trading on Wednesday, hitting C$34.76. 11,290 shares of the stock traded hands, compared to its average volume of 11,354. 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's fifty day simple moving average is C$34.95 and its 200 day simple moving average is C$34.52. The firm has a market cap of C$363.59 million, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$37.74.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.10 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.45%. K-Bro Linen's payout ratio is presently 74.07%.

Analyst Upgrades and Downgrades

Separately, Raymond James increased their target price on K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company's stock.

About K-Bro Linen

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.