FY2024 EPS Estimates for K-Bro Linen Increased by Analyst

K-Bro Linen Inc. (TSE:KBL) – Research analysts at Leede Financial boosted their FY2024 earnings per share estimates for shares of K-Bro Linen in a report released on Thursday, November 14th. Leede Financial analyst D. Loe now expects that the company will earn $1.77 per share for the year, up from their previous forecast of $1.60. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Leede Financial also issued estimates for K-Bro Linen’s Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.84 EPS, FY2025 earnings at $2.23 EPS and FY2026 earnings at $2.57 EPS.

Several other analysts have also weighed in on KBL. Raymond James lifted their price objective on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. Stifel Nicolaus upped their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. Finally, TD Securities raised their target price on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th.

K-Bro Linen Trading Up 0.5 %

Shares of KBL stock opened at C$35.19 on Monday. The company has a market cap of C$368.09 million, a P/E ratio of 21.72, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a fifty-two week low of C$30.69 and a fifty-two week high of C$37.74. The stock has a 50 day simple moving average of C$34.66 and a two-hundred day simple moving average of C$34.49. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is currently owned by company insiders.

K-Bro Linen Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

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.