Q4 EPS Estimates for K-Bro Linen Reduced by Leede Financial

K-Bro Linen Inc. (TSE:KBL) – Analysts at Leede Financial decreased their Q4 2024 EPS estimates for K-Bro Linen in a research note issued to investors on Thursday, November 14th. Leede Financial analyst D. Loe now anticipates that the company will earn $0.40 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Leede Financial also issued estimates for K-Bro Linen’s Q1 2025 earnings at $0.28 EPS and Q4 2025 earnings at $0.46 EPS.

Separately, Raymond James boosted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

K-Bro Linen Trading Up 1.4 %

KBL opened at C$34.77 on Friday. The firm has a market capitalization of C$363.69 million, a P/E ratio of 21.46, a P/E/G ratio of 3.50 and a beta of 1.08. The firm’s 50 day moving average is C$34.72 and its 200-day moving average is C$34.50. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$37.74.

K-Bro Linen Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.45%. K-Bro Linen’s dividend payout ratio (DPR) is 74.07%.

Insider Buying and Selling at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’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 value of C$39,611.00. 3.25% of the stock is currently owned by insiders.

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.