K-Bro Linen Inc. (TSE:KBL – Free Report) – Equities researchers 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 expects that the company will earn $2.19 per share for the year, up from their prior forecast of $2.16. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.00 per share.
K-Bro Linen (TSE:KBL – Get Free Report) last announced its earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.21). K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%. The firm had revenue of C$82.46 million during the quarter, compared to the consensus estimate of C$80.10 million.
Read Our Latest Research Report on KBL
K-Bro Linen Stock Down 0.4 %
Shares of TSE:KBL opened at C$34.76 on Thursday. K-Bro Linen has a 52-week low of C$28.21 and a 52-week high of C$37.04. The firm has a market capitalization of C$367.76 million, a P/E ratio of 21.20, a P/E/G ratio of 3.50 and a beta of 1.11. The stock has a 50 day moving average price of C$34.64 and a 200-day moving average price of C$33.93. The company has a debt-to-equity ratio of 70.83, a quick ratio of 0.87 and a current ratio of 1.73.
K-Bro Linen Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.10 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.45%. K-Bro Linen’s 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.
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