K-Bro Linen FY2024 EPS Forecast Boosted by Raymond James

K-Bro Linen Inc. (TSE:KBL) – Investment analysts at Raymond James raised their FY2024 earnings per share estimates for K-Bro Linen in a report issued on Thursday, November 14th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $1.73 per share for the year, up from their prior estimate of $1.69. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen’s FY2025 earnings at $2.20 EPS.

Several other brokerages also recently issued reports on KBL. Stifel Nicolaus raised their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th. TD Securities boosted their target price on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th.

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$35.19 on Monday. The company 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 one year low of C$30.69 and a one year high of C$37.74. The stock has a market cap of C$368.09 million, a P/E 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.

Insiders Place Their Bets

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the 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. Company insiders own 3.25% of the company’s stock.

K-Bro Linen Announces Dividend

The business also recently disclosed 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 yield of 3.41%. 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.