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

Klabin (OTCMKTS:KLBAY) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05), Zacks reports.

Klabin Stock Performance

Klabin stock remained flat at $7.11 during midday trading on Wednesday. The company had a trading volume of 1,713 shares. The company has a market cap of $22.19 billion, a PE ratio of 42.10 and a beta of 0.61. The business’s 50 day moving average price is $7.27 and its two-hundred day moving average price is $7.18. Klabin has a 52 week low of $6.35 and a 52 week high of $10.23.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently 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.