K-Bro Linen (TSE:KBL) Issues Quarterly Earnings Results

K-Bro Linen (TSE:KBL) released its quarterly earnings results on Tuesday. The company reported C$0.36 earnings per share (EPS) for the quarter, FiscalAI reports. K-Bro Linen had a return on equity of 7.09% and a net margin of 3.55%.The business had revenue of C$139.11 million during the quarter.

K-Bro Linen Stock Up 7.2%

Shares of KBL opened at C$41.79 on Thursday. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 116.99. K-Bro Linen has a 12 month low of C$33.30 and a 12 month high of C$42.69. The firm’s 50 day moving average is C$36.29 and its 200-day moving average is C$35.76. The stock has a market capitalization of C$539.17 million, a PE ratio of 27.68, a P/E/G ratio of 3.50 and a beta of 0.57.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the stock an “outperform” rating in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$49.75.

About K-Bro Linen

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.