Brokers Offer Predictions for K-Bro Linen FY2024 Earnings

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Leede Financial increased their FY2024 earnings estimates for shares of K-Bro Linen in a note issued to investors on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will earn $1.77 per share for the year, up from their prior estimate of $1.60. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Leede Financial also issued estimates for K-Bro Linen’s Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.84 EPS, FY2025 earnings at $2.23 EPS and FY2026 earnings at $2.57 EPS.

Other analysts have also issued reports about the company. TD Securities lifted their price target on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Raymond James lifted their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Finally, Stifel Nicolaus upped their price objective on K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$35.19 on Monday. The company has a market capitalization of C$368.09 million, a PE ratio of 21.72, a PEG ratio of 3.50 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock’s 50 day moving average price is C$34.66 and its 200-day moving average price is C$34.49. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$37.74.

Insider Activity at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction 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. 3.25% of the stock is owned by company insiders.

K-Bro Linen Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is presently 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.