David A. Spraley Purchases 1,850 Shares of KP Tissue Inc. (TSE:KPT) Stock

KP Tissue Inc. (TSE:KPT) Director David A. Spraley acquired 1,850 shares of the stock in a transaction on Monday, September 9th. The shares were bought at an average price of C$8.43 per share, with a total value of C$15,595.50.

KP Tissue Price Performance

KPT stock opened at C$8.38 on Thursday. KP Tissue Inc. has a 1-year low of C$8.02 and a 1-year high of C$10.48. The business has a fifty day moving average price of C$8.48 and a 200-day moving average price of C$8.45. The stock has a market capitalization of C$83.55 million, a P/E ratio of 13.97, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue (TSE:KPT) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.10). The firm had revenue of C$509.80 million during the quarter, compared to analysts’ expectations of C$487.50 million. As a group, analysts anticipate that KP Tissue Inc. will post 0.7899628 earnings per share for the current year.

KP Tissue Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 8.59%. The ex-dividend date of this dividend is Monday, September 30th. KP Tissue’s dividend payout ratio is currently 120.00%.

Analyst Ratings Changes

KPT has been the subject of a number of recent research reports. Desjardins lowered their price objective on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th. TD Securities lifted their price objective on KP Tissue from C$8.50 to C$9.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.