K-Bro Linen Inc. (TSE:KBL - Free Report) - Equities research analysts at Stifel Canada reduced their Q4 2024 earnings per share estimates for K-Bro Linen in a report issued on Thursday, November 14th. Stifel Canada analyst J. Keywood now anticipates that the company will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.58. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share. Stifel Canada also issued estimates for K-Bro Linen's FY2025 earnings at $2.62 EPS.
A number of other research analysts have also weighed in on the company. Raymond James upped their price objective on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Stifel Nicolaus upped their target price on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday. Finally, TD Securities upped their target price on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday.
Check Out Our Latest Research Report on KBL
K-Bro Linen Stock Performance
Shares of K-Bro Linen stock traded up C$0.27 during trading hours on Monday, hitting C$35.09. 5,521 shares of the company were exchanged, compared to its average volume of 11,230. The business has a 50-day moving average of C$34.70 and a 200-day moving average of C$34.49. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$37.74. The stock has a market capitalization of C$367.04 million, a price-to-earnings ratio of 21.49, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82.
K-Bro Linen Announces Dividend
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 3.42%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen's dividend payout ratio is currently 74.07%.
Insider Activity
In related 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 stock was 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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