K-Bro Linen (KBL) to Release Quarterly Earnings on Wednesday

Posted by Paula Ricardo on Nov 6th, 2024

K-Bro Linen (TSE:KBL – Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.70 per share for the quarter.

K-Bro Linen (TSE:KBL – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$93.47 million during the quarter, compared to analyst estimates of C$88.57 million.

K-Bro Linen Trading Up 1.1 %

TSE:KBL opened at C$34.22 on Wednesday. The stock’s 50 day moving average price is C$34.95 and its 200 day moving average price is C$34.52. 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 capitalization of C$357.94 million, a P/E ratio of 21.12, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

K-Bro Linen Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on K-Bro Linen

Insider Activity

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total value of C$39,611.00. 3.25% of the stock is owned by company insiders.

K-Bro Linen Company Profile

(Get Free Report)

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.