K-Bro Linen Inc. (TSE:KBL) Forecasted to Earn Q3 2024 Earnings of $0.66 Per Share

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Leede Jones Gab upped their Q3 2024 EPS estimates for shares of K-Bro Linen in a research note issued on Tuesday, April 30th. Leede Jones Gab analyst D. Loe now expects that the company will earn $0.66 per share for the quarter, up from their previous forecast of $0.65. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.00 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.35 EPS and Q4 2025 earnings at $0.55 EPS.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million for the quarter, compared to analyst estimates of C$80.10 million. K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%.

Several other brokerages have also weighed in on KBL. Acumen Capital increased their price objective on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the company a “buy” rating in a report on Wednesday. TD Securities boosted their target price on K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Monday, March 25th.

K-Bro Linen Price Performance

K-Bro Linen stock opened at C$34.76 on Thursday. The business’s 50-day simple moving average is C$34.64 and its 200 day simple moving average is C$33.93. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83. The stock has a market cap of C$367.76 million, a price-to-earnings ratio of 21.20, a P/E/G ratio of 3.50 and a beta of 1.11. K-Bro Linen has a 12-month low of C$28.21 and a 12-month high of C$37.04.

K-Bro Linen Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, April 29th. K-Bro Linen’s payout ratio is 73.17%.

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.