Desjardins Issues Optimistic Forecast for KP Tissue Earnings

KP Tissue Inc. (TSE:KPT) – Equities researchers at Desjardins upped their FY2024 EPS estimates for KP Tissue in a research report issued on Wednesday, November 13th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings per share of $0.91 for the year, up from their previous forecast of $0.89. The consensus estimate for KP Tissue’s current full-year earnings is $0.44 per share.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.10). The firm had revenue of C$509.80 million during the quarter, compared to analyst estimates of C$487.50 million.

Separately, TD Securities raised their target price on KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th.

KP Tissue Price Performance

Shares of KPT stock opened at C$8.30 on Friday. The stock’s fifty day moving average price is C$8.33 and its 200 day moving average price is C$8.38. KP Tissue has a 1-year low of C$7.99 and a 1-year high of C$9.72. The company has a market cap of C$82.75 million, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 8.67%. KP Tissue’s dividend payout ratio is currently 120.00%.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.