What is Cormark’s Forecast for K-Bro Linen FY2026 Earnings?

K-Bro Linen Inc. (TSE:KBL) – Equities researchers at Cormark dropped their FY2026 earnings per share (EPS) estimates for shares of K-Bro Linen in a research report issued to clients and investors on Monday, November 18th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $2.85 per share for the year, down from their previous forecast of $3.19. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share.

A number of other research firms have also recently commented on KBL. Raymond James boosted their price target on K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. TD Securities boosted their price target on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Finally, Stifel Nicolaus boosted their price target on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$35.19 on Tuesday. The stock has a market capitalization of C$368.09 million, a PE ratio of 21.72, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The business has a fifty day moving average price of C$34.66 and a two-hundred 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 Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

Insider Buying and Selling

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was 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 corporate insiders.

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.