FY2024 EPS Estimates for K-Bro Linen Raised by Raymond James

K-Bro Linen Inc. (TSE:KBL) – Equities research analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for shares of K-Bro Linen in a note issued to investors on Thursday, November 14th. Raymond James analyst M. Glen now expects that the company will earn $1.73 per share for the year, up from their previous forecast of $1.69. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.34 per share. Raymond James also issued estimates for K-Bro Linen’s FY2025 earnings at $2.20 EPS.

A number of other equities research analysts have also recently issued reports on the stock. TD Securities increased their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. Stifel Nicolaus increased their price target on K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th.

K-Bro Linen Stock Up 0.5 %

Shares of KBL opened at C$35.19 on Monday. K-Bro Linen has a 12 month low of C$30.69 and a 12 month high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The company has a 50-day moving average price of C$34.66 and a two-hundred day moving average price of C$34.49. The stock has a market cap of C$368.09 million, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.50 and a beta of 1.08.

Insider Transactions at K-Bro Linen

In other 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. Corporate insiders own 3.25% of the company’s stock.

K-Bro Linen Announces Dividend

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

About K-Bro Linen

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.