FY2024 EPS Estimates for K-Bro Linen Inc. Raised by Leede Jones Gab (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Leede Jones Gab lifted their FY2024 earnings per share (EPS) estimates for K-Bro Linen in a research report issued on Monday, March 25th. Leede Jones Gab analyst D. Loe now forecasts that the company will earn $1.91 per share for the year, up from their previous forecast of $1.75. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.12 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s FY2025 earnings at $2.34 EPS.

Separately, TD Securities increased their price objective on K-Bro Linen from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Monday.

K-Bro Linen Stock Up 3.7 %

KBL stock opened at C$34.55 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 0.87 and a debt-to-equity ratio of 59.54. The company’s 50 day moving average is C$34.05 and its 200 day moving average is C$33.29. The stock has a market cap of C$369.34 million, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. K-Bro Linen has a 1-year low of C$26.90 and a 1-year high of C$35.70.

K-Bro Linen Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. K-Bro Linen’s payout ratio is presently 95.24%.

K-Bro Linen Company Profile

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.