Q4 Earnings Forecast for K-Bro Linen Issued By Stifel Canada

K-Bro Linen Inc. (TSE:KBL - Free Report) - Stifel Canada lowered their Q4 2024 earnings per share estimates for K-Bro Linen in a research note issued on Wednesday, October 30th. Stifel Canada analyst J. Keywood now expects that the company will earn $0.58 per share for the quarter, down from their previous estimate of $0.60. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share.

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

K-Bro Linen Trading Up 3.5 %

TSE KBL traded up C$1.15 on Friday, reaching C$34.00. The stock had a trading volume of 8,020 shares, compared to its average volume of 11,361. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock has a fifty day moving average price of C$35.11 and a two-hundred day moving average price of C$34.56. The firm has a market capitalization of C$355.64 million, a price-to-earnings ratio of 20.65, a P/E/G ratio of 3.50 and a beta of 1.08.

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

Insider Activity at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business's stock in a transaction dated 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 currently owned by company insiders.

K-Bro Linen Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, October 31st. K-Bro Linen's dividend payout ratio is currently 74.07%.

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.