K-Bro Linen (TSE:KBL) Releases Earnings Results

K-Bro Linen (TSE:KBL) posted its quarterly earnings data on Thursday. The company reported C$1.00 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$160.05 million for the quarter. K-Bro Linen had a return on equity of 7.89% and a net margin of 3.67%.

K-Bro Linen Price Performance

KBL traded up C$0.62 during midday trading on Friday, hitting C$42.10. The company had a trading volume of 15,823 shares, compared to its average volume of 15,723. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.87 and a current ratio of 1.85. The firm’s 50-day simple moving average is C$41.65 and its 200-day simple moving average is C$40.72. K-Bro Linen has a twelve month low of C$33.61 and a twelve month high of C$48.69. The company has a market capitalization of C$541.66 million, a PE ratio of 24.62, a P/E/G ratio of 3.50 and a beta of 1.01.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. ATB Cormark Capital Markets increased their price target on K-Bro Linen from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial upped their price target on shares of K-Bro Linen from C$54.00 to C$56.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Stifel Nicolaus boosted their target price on K-Bro Linen from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. TD Securities raised K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Raymond James Financial upped their price objective on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$53.50.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.