K-Bro Linen (TSE:KBL - Get Free Report) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect K-Bro Linen to post earnings of C$0.24 per share for the quarter.
K-Bro Linen (TSE:KBL - Get Free Report) last announced its 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). K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. The company had revenue of C$82.46 million for the quarter, compared to analysts' expectations of C$80.10 million.
K-Bro Linen Trading Down 0.8 %
KBL stock traded down C$0.28 during mid-day trading on Monday, reaching C$35.02. 3,069 shares of the stock traded hands, compared to its average volume of 7,983. K-Bro Linen has a 52-week low of C$28.10 and a 52-week high of C$37.04. The stock's fifty day moving average is C$34.56 and its 200-day moving average is C$33.87. The company has a market cap of C$370.51 million, a P/E ratio of 21.35, a P/E/G ratio of 3.50 and a beta of 1.11. The company has a current ratio of 1.73, a quick ratio of 0.87 and a debt-to-equity ratio of 70.83.
K-Bro Linen Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. K-Bro Linen's payout ratio is currently 73.17%.
Analyst Ratings Changes
Separately, TD Securities upped their price objective on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the company a "buy" rating in a research note on Monday, March 25th.
Check Out Our Latest Report on K-Bro Linen
About K-Bro Linen
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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.
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