Klabin (OTCMKTS:KLBAY) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Klabin (OTCMKTS:KLBAY) announced its earnings results on Wednesday. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02), Zacks reports. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Klabin had a return on equity of 3.60% and a net margin of 2.49%.

Klabin Stock Down 0.3%

Shares of OTCMKTS KLBAY traded down $0.02 during midday trading on Thursday, reaching $7.24. The company’s stock had a trading volume of 990 shares, compared to its average volume of 4,793. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01. Klabin has a fifty-two week low of $5.98 and a fifty-two week high of $10.23. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.19 and a beta of 0.65. The stock has a 50 day simple moving average of $6.76 and a 200-day simple moving average of $7.16.

About Klabin

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.