Cormark Weighs in on K-Bro Linen's FY2025 Earnings (TSE:KBL)

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) - Stock analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for shares of K-Bro Linen in a report issued on Tuesday, August 19th. Cormark analyst K. Mcphee now forecasts that the company will earn $2.49 per share for the year, down from their prior forecast 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.

Several other brokerages have also recently weighed in on KBL. TD Securities increased their price target on K-Bro Linen from C$50.00 to C$55.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Stifel Nicolaus increased their price target on K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday, June 13th. Finally, Raymond James Financial increased their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, K-Bro Linen presently has an average rating of "Moderate Buy" and an average price target of C$51.25.

K-Bro Linen Price Performance

KBL traded up C$0.18 on Thursday, reaching C$36.78. The stock had a trading volume of 1,385 shares, compared to its average volume of 16,304. The company has a market capitalization of C$385.93 million, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The firm has a 50-day moving average of C$34.98 and a 200-day moving average of C$34.81. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. K-Bro Linen has a fifty-two week low of C$32.03 and a fifty-two week high of C$40.03.

K-Bro Linen Dividend Announcement

The firm also recently announced a jul 25 dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.10 per share. K-Bro Linen's dividend payout ratio 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.