K-Bro Linen (KBL) to Release Quarterly Earnings on Tuesday

K-Bro Linen (TSE:KBL) will be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of C$0.51 per share for the quarter.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.12). The company had revenue of C$80.23 million for the quarter, compared to the consensus estimate of C$77.77 million. K-Bro Linen had a return on equity of 9.90% and a net margin of 5.27%.

K-Bro Linen Price Performance

Shares of KBL traded down C$0.01 during trading hours on Tuesday, hitting C$36.58. 14,051 shares of the company were exchanged, compared to its average volume of 11,680. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 68.49. K-Bro Linen has a fifty-two week low of C$30.03 and a fifty-two week high of C$37.73. The company has a market cap of C$382.63 million, a price-to-earnings ratio of 22.59, a P/E/G ratio of 3.50 and a beta of 1.10. The firm’s fifty day moving average is C$33.07 and its 200 day moving average is C$34.09.

K-Bro Linen Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

Insider Activity

In related news, Senior Officer Ryo Utahara sold 1,400 shares of K-Bro Linen stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$32.40, for a total value of C$45,360.00. Insiders own 3.14% of the company’s stock.

Wall Street Analyst Weigh In

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

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.