KP Tissue Inc. (TSE:KPT – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.44 and traded as high as C$8.52. KP Tissue shares last traded at C$8.42, with a volume of 20,145 shares changing hands.
Analyst Upgrades and Downgrades
Separately, TD Securities upped their price objective on KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Analysis on KPT
KP Tissue Stock Down 1.7 %
KP Tissue (TSE:KPT – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.10). The firm had revenue of C$509.80 million for the quarter, compared to analyst estimates of C$487.50 million. Equities research analysts forecast that KP Tissue Inc. will post 0.4398964 earnings per share for the current fiscal year.
KP Tissue Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Friday, September 27th. KP Tissue’s payout ratio is currently 120.00%.
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.
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