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

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Stifel Canada upped their Q3 2024 earnings estimates for shares of K-Bro Linen in a research report issued on Wednesday, October 30th. Stifel Canada analyst J. Keywood now anticipates 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) last announced its 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. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The company had revenue of C$93.47 million for the quarter, compared to analyst estimates of C$88.57 million.

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

K-Bro Linen Trading Up 1.1 %

KBL opened at C$34.22 on Monday. The company has a market cap of C$357.94 million, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a fifty day moving average price of C$34.95 and a two-hundred day moving average price of C$34.52. 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 1-year low of C$30.69 and a 1-year high of C$37.74.

Insider Transactions at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen 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 Announces Dividend

The firm 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 dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, October 31st. K-Bro Linen’s payout ratio is presently 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.