Desjardins Issues Optimistic Forecast for KP Tissue Earnings

KP Tissue Inc. (TSE:KPT) – Equities research analysts at Desjardins raised their FY2024 EPS estimates for KP Tissue in a report issued on Wednesday, November 13th. Desjardins analyst F. Tremblay now expects that the company will earn $0.91 per share for the year, up from their prior forecast of $0.89. The consensus estimate for KP Tissue’s current full-year earnings is $0.44 per share.

KP Tissue (TSE:KPT) last announced its earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.10). The company had revenue of C$509.80 million during the quarter, compared to analysts’ expectations of C$487.50 million.

Separately, TD Securities raised 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 1.0 %

Shares of KP Tissue stock opened at C$8.30 on Friday. The company has a 50 day moving average price of C$8.34 and a 200 day moving average price of C$8.38. The firm has a market capitalization of C$82.75 million, a P/E ratio of 13.83, a PEG ratio of -0.88 and a beta of 0.37. KP Tissue has a 52 week low of C$7.99 and a 52 week high of C$9.72.

KP Tissue Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 8.67%. 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.