Cormark Has Pessimistic View of K-Bro Linen FY2026 Earnings

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Cormark lowered their FY2026 earnings per share (EPS) estimates for K-Bro Linen in a report issued on Monday, November 18th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $2.85 per share for the year, down from their prior estimate of $3.19. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share.

Several other research analysts have also recently issued reports on the stock. Raymond James increased their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. Stifel Nicolaus raised their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday. Finally, TD Securities lifted their target price on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$35.00 on Tuesday. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The business has a 50 day simple moving average of C$34.70 and a 200 day simple moving average of C$34.49. The firm has a market capitalization of C$366.10 million, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s payout ratio is currently 74.07%.

Insider Activity at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.