Klabin (OTCMKTS:KLBAY) Shares Gap Down - Here's Why

Key Points

• Klabin SA shares gapped down from a previous close of $7.25 to open at $6.90, marking a 4.8% decline prior to trading.
• The company reported quarterly earnings of $0.17 per share, exceeding the consensus estimate of $0.16, with revenues of $913.44 million.
• Klabin increased its dividend to $0.0911, resulting in a yield of 490.0%, up from the previous dividend of $0.01.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.25, but opened at $6.90. Klabin shares last traded at $6.90, with a volume of 148 shares trading hands.

Klabin Price Performance

The company's 50-day moving average price is $7.03 and its two-hundred day moving average price is $6.78. The company has a debt-to-equity ratio of 2.56, a current ratio of 2.11 and a quick ratio of 1.59. The company has a market capitalization of $20.98 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.54 and a beta of 0.93.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Klabin had a net margin of 9.90% and a return on equity of 18.24%. The firm had revenue of $913.44 million during the quarter, compared to the consensus estimate of $5.48 billion. As a group, sell-side analysts expect that Klabin SA will post 0.02 EPS for the current year.

Klabin Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.0911 per share. This represents a yield of 490.0%. The ex-dividend date was Friday, August 15th. This is a positive change from Klabin's previous dividend of $0.01. Klabin's dividend payout ratio (DPR) is 61.67%.

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.