Leede Financial Forecasts Stronger Earnings for K-Bro Linen

K-Bro Linen Inc. (TSE:KBL) – Analysts at Leede Financial boosted their FY2024 EPS estimates for shares of K-Bro Linen in a research report issued on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will post earnings of $1.77 per share for the year, up from their prior forecast 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.

KBL has been the topic of several other reports. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 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 research note on Thursday, August 8th.

K-Bro Linen Stock Performance

Shares of KBL opened at C$35.00 on Monday. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The stock has a market capitalization of C$366.10 million, a P/E ratio of 21.60, a P/E/G ratio of 3.50 and a beta of 1.08. The company’s fifty day moving average is C$34.70 and its two-hundred day moving average is C$34.49. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$37.74.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a dividend yield of 3.43%. K-Bro Linen’s payout ratio is currently 74.07%.

Insiders Place Their Bets

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

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.