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

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) 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 traded.

Klabin Trading Down 4.8%

The company has a quick ratio of 1.59, a current ratio of 2.11 and a debt-to-equity ratio of 2.56. The firm has a market cap of $21.32 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.55 and a beta of 0.93. The company's 50 day simple moving average is $7.03 and its 200-day simple moving average is $6.78.

Klabin (OTCMKTS:KLBAY - Get Free Report) last announced 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. The business had revenue of $913.44 million during the quarter, compared to the consensus estimate of $5.48 billion. Klabin had a net margin of 9.90% and a return on equity of 18.24%. As a group, research analysts predict that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.0911 dividend. This is an increase from Klabin's previous dividend of $0.01. This represents a yield of 490.0%. The ex-dividend date of this dividend was Friday, August 15th. Klabin's dividend payout ratio is presently 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.

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