Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.72, but opened at $7.29. Klabin shares last traded at $7.29, with a volume of 308 shares trading hands.
Analysts Set New Price Targets
Separately, UBS Group upgraded shares of Klabin to a "hold" rating in a research note on Thursday, April 10th.
Read Our Latest Report on KLBAY
Klabin Trading Up 8.5%
The company has a current ratio of 1.96, a quick ratio of 1.44 and a debt-to-equity ratio of 3.06. The stock has a market cap of $22.52 billion, a PE ratio of 14.29, a PEG ratio of 0.53 and a beta of 1.03. The firm has a fifty day simple moving average of $6.63 and a two-hundred day simple moving average of $6.89.
Klabin (OTCMKTS:KLBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.21). Klabin had a net margin of 8.66% and a return on equity of 16.26%. The firm had revenue of $828.57 million for the quarter, compared to the consensus estimate of $4.80 billion. As a group, equities analysts expect that Klabin SA will post 0.02 earnings per share for the current fiscal year.
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 issued a $0.0126 dividend. This represents a dividend yield of 4.78%. The ex-dividend date was Monday, May 19th. Klabin's dividend payout ratio is 62.75%.
About Klabin
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Klabin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Klabin wasn't on the list.
While Klabin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
