K-Bro Linen Inc. Expected to Earn FY2024 Earnings of $2.19 Per Share (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL - Free Report) - Research analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of K-Bro Linen in a research report issued to clients and investors on Wednesday, May 1st. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $2.19 for the year, up from their prior estimate of $2.16. The consensus estimate for K-Bro Linen's current full-year earnings is $2.00 per share.

KBL has been the subject of a number of other reports. Acumen Capital upped their price target on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a "buy" rating in a report on Wednesday. TD Securities upped their price target on K-Bro Linen from C$43.00 to C$45.00 and gave the stock a "buy" rating in a report on Monday, March 25th.

K-Bro Linen Stock Performance

KBL traded down C$0.16 on Thursday, hitting C$34.90. The company had a trading volume of 5,197 shares, compared to its average volume of 8,076. The company's fifty day moving average price is C$34.62 and its 200 day moving average price is C$33.91. K-Bro Linen has a 1-year low of C$28.21 and a 1-year high of C$37.04. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.73 and a quick ratio of 0.87. The stock has a market cap of C$369.24 million, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million during the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%.

K-Bro Linen Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Monday, April 29th. K-Bro Linen's dividend payout ratio is currently 73.17%.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.