KP Tissue Inc., through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins, as well as manufactures private label tissue products. The company markets its products under the Cashmere, Purex, SpongeTowels, Scotties, White Swan, White Cloud, Chalet, Embassy, White Swan, and Metro brand names. The company sells its products to consumers through traditional retail channels, such as grocery stores, mass merchandisers, club and drug stores, convenience stores, and online retailers; and through distributors to businesses involved in commercial users in the property management, healthcare, food services, manufacturing, lodging industries, and public facilities. KP Tissue Inc. was incorporated in 2012 and is headquartered in Mississauga, Canada.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on KPT. Royal Bank of Canada cut their price target on shares of KP Tissue from C$11.00 to C$10.00 and set a "sector perform" rating for the company in a report on Friday, May 13th. National Bankshares lowered their price objective on shares of KP Tissue from C$11.00 to C$10.50 and set a "sector perform" rating for the company in a research report on Friday, May 13th.
KP Tissue Stock Performance
TSE:KPT opened at C$10.72 on Tuesday. The stock has a market capitalization of C$106.46 million and a P/E ratio of 97.45. The company has a 50 day moving average price of C$10.45 and a 200 day moving average price of C$10.69. KP Tissue has a fifty-two week low of C$10.01 and a fifty-two week high of C$12.51.
KP Tissue (TSE:KPT - Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C($0.07) by C$0.17. The business had revenue of C$398.74 million during the quarter, compared to analysts' expectations of C$408.45 million. Research analysts forecast that KP Tissue will post 0.36 earnings per share for the current fiscal year.
KP Tissue Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.18 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.72 annualized dividend and a yield of 6.72%. KP Tissue's dividend payout ratio is presently 654.55%.