Klabin (OTCMKTS:KLBAY) Shares Gap Up - Time to Buy?

Key Points

• Klabin SA's stock price increased by 8.0%, opening at $7.33 after a closing price of $6.79.
• The company reported a quarterly earnings per share (EPS) of $0.17, surpassing estimates, along with a net margin of 9.90%.
• Klabin raised its dividend to $0.0911 per share, reflecting a substantial 490.0% dividend yield, up from the previous $0.01.

Klabin SA (OTCMKTS:KLBAY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.79, but opened at $7.33. Klabin shares last traded at $7.33, with a volume of 232 shares.

Klabin Stock Up 8.0%

The company's 50 day moving average price is $7.02 and its 200 day moving average price is $6.76. 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 capitalization of $22.65 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.52 and a beta of 0.93.

Klabin (OTCMKTS:KLBAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 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 business had revenue of $913.44 million during the quarter, compared to the consensus estimate of $5.48 billion. As a group, research analysts forecast that Klabin SA will post 0.02 earnings per share for the current fiscal year.

Klabin Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.0911 per share. The ex-dividend date was Friday, August 15th. This is an increase from Klabin's previous dividend of $0.01. This represents a dividend yield of 490.0%. Klabin's 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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