Klabin (OTCMKTS:KLBAY) Shares Gap Down - Should You Sell?

Key Points

• Klabin SA's shares gapped down from $7.33 to $6.25 before trading on Monday, resulting in a significant decline of 14.7% in share price.
• The company's recent quarterly earnings missed estimates with an EPS of $0.11, while revenue was reported at $828.57 million compared to expectations of $4.80 billion.
• Klabin announced a dividend payment of $0.0126 per share, with a dividend yield of 4.78%, and a payout ratio of 62.75%.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $7.33, but opened at $6.25. Klabin shares last traded at $6.25, with a volume of 110 shares changing hands.

Analysts Set New Price Targets

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

Klabin Stock Down 14.7%

The company has a debt-to-equity ratio of 3.06, a current ratio of 1.96 and a quick ratio of 1.44. The company has a market capitalization of $19.31 billion, a PE ratio of 12.26, a P/E/G ratio of 0.56 and a beta of 1.02. The business has a 50-day moving average of $6.81 and a 200 day moving average of $6.86.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.21). Klabin had a net margin of 8.66% and a return on equity of 16.26%. The company had revenue of $828.57 million for the quarter, compared to analysts' expectations of $4.80 billion. Equities research analysts predict that Klabin SA will post 0.02 earnings per share for the current year.

Klabin Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.0126 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 4.78%. Klabin's dividend payout ratio is 62.75%.

Klabin Company Profile

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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