FY2017 Earnings Estimate for K Bro Linen Inc Issued By Cormark (KBL)
K Bro Linen Inc (TSE:KBL) – Stock analysts at Cormark lowered their FY2017 EPS estimates for shares of K Bro Linen in a report issued on Friday. Cormark analyst G. Fairweather now expects that the company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.24. Cormark also issued estimates for K Bro Linen’s FY2019 earnings at $1.72 EPS.
Other equities research analysts also recently issued research reports about the company. National Bank Financial raised K Bro Linen from an “underperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, April 26th. TD Securities lowered their price objective on K Bro Linen from C$50.00 to C$45.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th.
Shares of K Bro Linen (TSE KBL) opened at 38.05 on Monday. The firm has a 50-day moving average price of $39.75 and a 200 day moving average price of $40.40. The stock has a market capitalization of $361.32 million and a PE ratio of 29.73. K Bro Linen has a one year low of $36.69 and a one year high of $45.00.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 29th.
K Bro Linen Company Profile
K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. It provides laundry and linen services for sheets, blankets, towels, surgical gowns and drapes, and other linen.
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