Klabin (OTCMKTS:KLBAY) Issues Earnings Results, Beats Expectations By $0.05 EPS

Klabin (OTCMKTS:KLBAY) released its quarterly earnings results on Wednesday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05, Zacks reports. Klabin had a net margin of 7.93% and a return on equity of 14.04%.

Klabin Stock Up 2.0%

Shares of OTCMKTS KLBAY traded up $0.16 during midday trading on Wednesday, reaching $7.85. 139 shares of the company’s stock were exchanged, compared to its average volume of 3,715. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.67 and a current ratio of 2.12. Klabin has a 52-week low of $5.51 and a 52-week high of $10.23. The business’s fifty day moving average price is $7.24 and its two-hundred day moving average price is $6.99. The stock has a market capitalization of $24.48 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.97 and a beta of 0.81.

Klabin Company Profile

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.