K-Bro Linen (KBL) Set to Announce Earnings on Monday

Posted by ABMN Staff on May 4th, 2024

K-Bro Linen (TSE:KBL – Get Free Report) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.

K-Bro Linen (TSE:KBL – Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%.

K-Bro Linen Stock Performance

TSE KBL opened at C$34.76 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.87 and a debt-to-equity ratio of 70.83. The firm has a market cap of C$367.76 million, a price-to-earnings ratio of 21.20, a PEG ratio of 3.50 and a beta of 1.11. The company has a 50 day moving average of C$34.64 and a 200-day moving average of C$33.93. K-Bro Linen has a 1-year low of C$28.21 and a 1-year high of C$37.04.

K-Bro Linen Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, April 29th. K-Bro Linen’s dividend payout ratio is currently 73.17%.

Analyst Ratings Changes

KBL has been the subject of several recent research reports. Acumen Capital boosted their price objective on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a report on Wednesday. TD Securities boosted their price target on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Monday, March 25th.

Check Out Our Latest Report on KBL

About K-Bro Linen

(Get Free Report)

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.