FY2024 EPS Estimates for K-Bro Linen Lifted by Raymond James

K-Bro Linen Inc. (TSE:KBL) – Investment analysts at Raymond James lifted their FY2024 earnings estimates for shares of K-Bro Linen in a research note issued on Thursday, November 14th. Raymond James analyst M. Glen now forecasts that the company will earn $1.73 per share for the year, up from their previous estimate of $1.69. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen’s FY2025 earnings at $2.20 EPS.

KBL has been the subject of several other research reports. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

K-Bro Linen Price Performance

Shares of KBL opened at C$35.00 on Monday. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The stock has a market capitalization of C$366.10 million, a PE ratio of 21.60, a PEG ratio of 3.50 and a beta of 1.08. The company has a 50 day moving average price of C$34.70 and a 200-day moving average price of C$34.49. K-Bro Linen has a fifty-two week low of C$30.69 and a fifty-two week high of C$37.74.

K-Bro Linen Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. K-Bro Linen’s payout ratio is 74.07%.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is currently owned by company insiders.

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.