K-Bro Linen Q4 EPS Estimate Decreased by Leede Financial

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Leede Financial reduced their Q4 2024 earnings per share (EPS) estimates for K-Bro Linen in a report issued on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will earn $0.40 per share for the quarter, down from their previous forecast of $0.42. 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 Q1 2025 earnings at $0.28 EPS and Q4 2025 earnings at $0.46 EPS.

A number of other analysts have also issued reports on KBL. TD Securities lifted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday. Stifel Nicolaus lifted their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. Finally, Raymond James boosted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

K-Bro Linen Stock Performance

K-Bro Linen stock opened at C$34.82 on Friday. The firm has a market capitalization of C$364.22 million, a PE ratio of 21.49, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen has a one year low of C$30.69 and a one year high of C$37.74. The stock’s 50 day moving average price is C$34.70 and its 200 day moving average price is C$34.49. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Corporate insiders own 3.25% of the company’s stock.

K-Bro Linen Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is currently 74.07%.

About K-Bro Linen

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.