Klabin (OTCMKTS:KLBAY) Issues Quarterly Earnings Results

Key Points

• Klabin reported a quarterly earnings per share (EPS) of $0.17, with a return on equity of 16.26% and a net margin of 8.66%.
• The company's stock price increased by 0.4% to $7.18, with a market capitalization of $22.19 billion and a price-to-earnings ratio of 14.08.
• Klabin recently cut its dividend to $0.0126 per share, resulting in a high dividend yield of 478.0%, while maintaining a payout ratio of 62.75%.

Klabin (OTCMKTS:KLBAY - Get Free Report) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01, Zacks reports. Klabin had a return on equity of 19.37% and a net margin of 9.90%. The company had revenue of $913.44 million for the quarter, compared to the consensus estimate of $5.48 billion.

Klabin Price Performance

OTCMKTS:KLBAY remained flat at $7.18 during midday trading on Thursday. The company had a trading volume of 53 shares, compared to its average volume of 363. Klabin has a twelve month low of $5.57 and a twelve month high of $9.19. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.96 and a debt-to-equity ratio of 3.06. The firm has a fifty day moving average of $6.91 and a two-hundred day moving average of $6.86.

Klabin Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were given a $0.0126 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 478.0%. Klabin's dividend payout ratio (DPR) is presently 62.75%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Klabin to a "hold" rating in a report on Thursday, April 10th.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.