Stifel Canada Forecasts K-Bro Linen’s Q4 Earnings (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Stifel Canada decreased their Q4 2024 earnings per share estimates for shares of K-Bro Linen in a research note issued to investors on Wednesday, October 30th. Stifel Canada analyst J. Keywood now expects that the company will post earnings per share of $0.58 for the quarter, down from their prior forecast of $0.60. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share.

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

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$32.85 on Friday. The company’s fifty day simple moving average is C$35.20 and its 200-day simple moving average is C$34.57. 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 has a 52 week low of C$30.69 and a 52 week high of C$37.74. The company has a market cap of C$343.61 million, a PE ratio of 20.28, a P/E/G ratio of 3.50 and a beta of 1.08.

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

Insider Buying and Selling

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’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 insiders.

K-Bro Linen Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, October 31st. K-Bro Linen’s payout ratio 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.