Leede Financial Cuts Earnings Estimates for K-Bro Linen

K-Bro Linen Inc. (TSE:KBL - Free Report) - Investment analysts at Leede Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of K-Bro Linen in a research report issued to clients and investors on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will earn $0.40 per share for the quarter, down from their prior estimate of $0.42. 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 Q1 2025 earnings at $0.28 EPS and Q4 2025 earnings at $0.46 EPS.

KBL has been the subject of a number of other research reports. TD Securities raised their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday. Raymond James raised their price target on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday.

K-Bro Linen Stock Up 0.1 %

K-Bro Linen stock traded up C$0.05 on Friday, hitting C$34.82. 6,138 shares of the stock traded hands, compared to its average volume of 11,257. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$37.74. The firm has a market cap of C$364.22 million, a P/E ratio of 21.49, a price-to-earnings-growth 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. The business's fifty day simple moving average is C$34.70 and its 200 day simple moving average is C$34.50.

K-Bro Linen Announces Dividend

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

Insiders Place Their Bets

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. 3.25% of the stock is owned by insiders.

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.