Q3 Earnings Estimate for K-Bro Linen Issued By Stifel Canada

K-Bro Linen Inc. (TSE:KBL - Free Report) - Equities researchers at Stifel Canada lifted their Q3 2024 earnings estimates for K-Bro Linen in a research report issued on Wednesday, October 30th. Stifel Canada analyst J. Keywood now expects that the company will post earnings of $0.84 per share for the quarter, up from their prior estimate of $0.78. 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 FY2024 earnings at $2.02 EPS.

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

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

K-Bro Linen Stock Performance

KBL traded down C$0.15 on Monday, reaching C$33.85. The stock had a trading volume of 4,113 shares, compared to its average volume of 11,327. 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 current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The business's 50-day moving average price is C$35.04 and its two-hundred day moving average price is C$34.54. The company has a market cap of C$354.07 million, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

Insider Activity

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen 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. Company insiders own 3.25% of the company's stock.

K-Bro Linen Dividend Announcement

The business also recently announced 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 3.55%. K-Bro Linen's dividend payout ratio (DPR) is 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.