Q4 Earnings Estimate for K-Bro Linen Issued By Stifel Canada

K-Bro Linen Inc. (TSE:KBL) – Stifel Canada dropped their Q4 2024 earnings estimates for K-Bro Linen in a research report issued to clients and investors on Thursday, November 14th. Stifel Canada analyst J. Keywood now expects that the company will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.58. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Stifel Canada also issued estimates for K-Bro Linen’s FY2025 earnings at $2.62 EPS.

Several other equities analysts have also recently commented on the stock. TD Securities boosted their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday. Raymond James boosted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus upped their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday.

K-Bro Linen Price Performance

K-Bro Linen stock opened at C$35.00 on Monday. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. K-Bro Linen has a one year low of C$30.69 and a one year high of C$37.74. The firm has a market cap of C$366.10 million, a PE ratio of 21.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The stock’s fifty day moving average price is C$34.70 and its two-hundred day moving average price is C$34.49.

Insider Activity

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

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 $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is currently 74.07%.

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.