FY2024 Earnings Estimate for K-Bro Linen Inc. Issued By Raymond James (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Raymond James boosted their FY2024 EPS estimates for K-Bro Linen in a research report issued on Wednesday, August 7th. Raymond James analyst M. Glen now forecasts that the company will post earnings per share of $1.69 for the year, up from their previous forecast of $1.55. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.38 per share. Raymond James also issued estimates for K-Bro Linen’s Q4 2024 earnings at $0.39 EPS and FY2025 earnings at $2.19 EPS.

A number of other analysts also recently commented on KBL. Acumen Capital boosted their target price on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a report on Wednesday, May 1st. TD Securities increased their price target on K-Bro Linen from C$45.00 to C$46.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

K-Bro Linen Stock Up 1.3 %

KBL opened at C$36.48 on Monday. The stock’s fifty day moving average is C$33.79 and its 200-day moving average is C$34.19. The company has a market capitalization of C$381.58 million, a PE ratio of 22.52, a P/E/G ratio of 3.50 and a beta of 1.10. K-Bro Linen has a one year low of C$30.03 and a one year high of C$37.73. The company has a debt-to-equity ratio of 68.49, a quick ratio of 0.87 and a current ratio of 1.64.

Insider Activity at K-Bro Linen

In other news, Senior Officer Ryo Utahara sold 1,400 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$32.40, for a total transaction of C$45,360.00. Insiders own 3.27% of the company’s stock.

K-Bro Linen Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Saturday, August 31st will be issued a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. K-Bro Linen’s dividend payout ratio 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.