What is Cormark's Estimate for K-Bro Linen FY2025 Earnings?

Key Points

• Cormark has revised its estimate for K-Bro Linen's FY2025 earnings per share to $2.49, down from $2.54, while maintaining a "Hold" rating for the stock.
• Other analysts are optimistic, with Raymond James increasing their price target from C$45.00 to C$48.00, and TD Securities raising it from C$50.00 to C$55.00, indicating a generally positive outlook on the stock.
• K-Bro Linen recently declared a $0.10 dividend, with a payout ratio of 67.15%, showing their commitment to returning value to shareholders.

K-Bro Linen Inc. (TSE:KBL - Free Report) - Research analysts at Cormark dropped their FY2025 earnings per share estimates for K-Bro Linen in a report issued on Tuesday, August 19th. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $2.49 for the year, down from their prior estimate of $2.54. Cormark has a "Hold" rating on the stock. The consensus estimate for K-Bro Linen's current full-year earnings is $2.34 per share. Cormark also issued estimates for K-Bro Linen's FY2026 earnings at $3.10 EPS.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial lifted their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Stifel Nicolaus raised their price objective on shares of K-Bro Linen from C$46.00 to C$50.00 in a research report on Friday, June 13th. Finally, TD Securities raised their price objective on shares of K-Bro Linen from C$50.00 to C$55.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, K-Bro Linen presently has a consensus rating of "Moderate Buy" and a consensus price target of C$51.25.

K-Bro Linen Trading Down 1.8%

K-Bro Linen stock opened at C$37.46 on Thursday. K-Bro Linen has a 52 week low of C$32.03 and a 52 week high of C$40.03. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The stock has a market capitalization of C$393.07 million, a P/E ratio of 20.96, a PEG ratio of 3.50 and a beta of 1.08. The stock has a 50-day simple moving average of C$34.88 and a 200 day simple moving average of C$34.81.

K-Bro Linen Dividend Announcement

The business also recently declared a jul 25 dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.10 dividend. K-Bro Linen's dividend payout ratio (DPR) is currently 67.15%.

About K-Bro Linen

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.

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.