Klabin (OTCMKTS:KLBAY) Releases Earnings Results, Misses Estimates By $0.05 EPS

Klabin (OTCMKTS:KLBAY) issued its earnings results on Wednesday. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05), Zacks reports.

Klabin Price Performance

OTCMKTS KLBAY remained flat at $7.11 on Wednesday. 1,713 shares of the company’s stock traded hands. Klabin has a 12-month low of $6.35 and a 12-month high of $10.23. The company has a market cap of $22.19 billion, a P/E ratio of 42.10 and a beta of 0.61. The business’s 50-day moving average price is $7.27 and its 200-day moving average price is $7.18.

Analyst Ratings Changes

Separately, Zacks Research raised Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Klabin

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.