Cormark Has Bullish Outlook for K-Bro Linen FY2025 Earnings

K-Bro Linen Inc. (TSE:KBL - Free Report) - Analysts at Cormark raised their FY2025 earnings per share estimates for K-Bro Linen in a research report issued on Wednesday, June 4th. Cormark analyst K. Mcphee now expects that the company will earn $2.54 per share for the year, up from their prior forecast of $2.35. Cormark has a "Hold" rating on the stock. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share. Cormark also issued estimates for K-Bro Linen's FY2026 earnings at $3.17 EPS and FY2027 earnings at $3.73 EPS.

Several other equities analysts have also issued reports on KBL. TD Securities raised their price objective on K-Bro Linen from C$48.00 to C$49.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Acumen Capital raised their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Finally, Raymond James raised their price objective on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd.

K-Bro Linen Stock Up 1.0%

TSE:KBL traded up C$0.36 during trading hours on Friday, hitting C$35.20. The company's stock had a trading volume of 12,837 shares, compared to its average volume of 11,304. The stock has a market capitalization of C$369.35 million, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The stock has a fifty day moving average of C$34.96 and a 200-day moving average of C$35.79. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$40.03.

About K-Bro Linen

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.