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Insider Buying: KP Tissue Inc. (TSE:KPT) Director Purchases 1,850 Shares of Stock

KP Tissue logo with Consumer Defensive background

KP Tissue Inc. (TSE:KPT - Get Free Report) Director David A. Spraley bought 1,850 shares of the firm's stock in a transaction on Monday, September 9th. The stock was purchased at an average price of C$8.43 per share, with a total value of C$15,595.50.

KP Tissue Price Performance

Shares of KP Tissue stock traded up C$0.01 on Monday, hitting C$8.41. The company had a trading volume of 38,814 shares, compared to its average volume of 16,988. The business has a 50-day simple moving average of C$8.49 and a 200-day simple moving average of C$8.45. The company has a market cap of C$83.85 million, a PE ratio of 14.00, a PEG ratio of -0.88 and a beta of 0.37. KP Tissue Inc. has a 52 week low of C$8.02 and a 52 week high of C$10.48.

KP Tissue (TSE:KPT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.10). The firm had revenue of C$509.80 million for the quarter, compared to analyst estimates of C$487.50 million. On average, equities research analysts predict that KP Tissue Inc. will post 0.7899628 earnings per share for the current fiscal year.

KP Tissue Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date is Monday, September 30th. KP Tissue's payout ratio is 120.00%.


Analysts Set New Price Targets

Several research firms have commented on KPT. TD Securities upped their target price on shares of KP Tissue from C$8.50 to C$9.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th. Desjardins decreased their price objective on shares of KP Tissue from C$11.00 to C$10.00 and set a "hold" rating for the company in a report on Wednesday, May 15th.

Get Our Latest Report on KPT

About KP Tissue

(Get Free Report)

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.

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