Leede Jones Gab Brokers Boost Earnings Estimates for K-Bro Linen Inc. (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Leede Jones Gab boosted their Q3 2024 earnings per share estimates for shares of K-Bro Linen in a report released on Tuesday, April 30th. Leede Jones Gab analyst D. Loe now anticipates that the company will earn $0.66 per share for the quarter, up from their previous estimate of $0.65. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.00 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.35 EPS and Q4 2025 earnings at $0.55 EPS.

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

A number of other brokerages have also commented on KBL. TD Securities raised their price target on K-Bro Linen from C$43.00 to C$45.00 and gave the company a “buy” rating in a report on Monday, March 25th. Acumen Capital boosted their target price on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a report on Wednesday.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$35.06 on Thursday. K-Bro Linen has a 1-year low of C$28.21 and a 1-year high of C$37.04. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.73 and a quick ratio of 0.87. The business’s fifty day moving average price is C$34.61 and its two-hundred day moving average price is C$33.90. The firm has a market capitalization of C$370.93 million, a PE ratio of 21.38, a P/E/G ratio of 3.50 and a beta of 1.11.

K-Bro Linen Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.10 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. K-Bro Linen’s dividend payout ratio is currently 73.17%.

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.