KP Tissue (TSE:KPT) Stock Passes Above 200-Day Moving Average of $8.45

KP Tissue Inc. (TSE:KPT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.45 and traded as high as C$8.52. KP Tissue shares last traded at C$8.47, with a volume of 15,814 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KPT shares. Desjardins dropped their target price on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating on the stock in a report on Wednesday, May 15th. TD Securities increased their price target on shares of KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th.

KP Tissue Stock Down 1.1 %

The business has a 50-day simple moving average of C$8.49 and a 200-day simple moving average of C$8.45. The company has a market cap of C$83.75 million, a PE ratio of 14.15, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.10). The company had revenue of C$509.80 million for the quarter, compared to analysts’ expectations of C$487.50 million. On average, research analysts forecast that KP Tissue Inc. will post 0.7899628 EPS for the current fiscal year.

KP Tissue Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.57%. KP Tissue’s dividend payout ratio is currently 120.00%.

About KP Tissue

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.