FY2024 EPS Estimates for K-Bro Linen Lifted by Raymond James

K-Bro Linen Inc. (TSE:KBL) – Analysts at Raymond James raised their FY2024 earnings estimates for K-Bro Linen in a report released on Thursday, November 14th. Raymond James analyst M. Glen now anticipates that the company will earn $1.73 per share for the year, up from their prior forecast of $1.69. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen’s FY2025 earnings at $2.20 EPS.

Other analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. TD Securities increased their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a report on Friday.

K-Bro Linen Stock Up 0.5 %

TSE:KBL opened at C$35.00 on Monday. The firm has a market capitalization of C$366.10 million, a P/E ratio of 21.60, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 1-year low of C$30.69 and a 1-year high of C$37.74. The company’s fifty day moving average price is C$34.70 and its 200-day moving average price is C$34.49. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87.

Insider Buying and Selling

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction on Thursday, September 19th. The shares were 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 company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) 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.