Leede Jones Gab Equities Analysts Increase Earnings Estimates for K-Bro Linen Inc. (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Stock analysts at Leede Jones Gab raised their Q3 2024 earnings per share (EPS) estimates for K-Bro Linen in a research note issued to investors on Tuesday, April 30th. Leede Jones Gab analyst D. Loe now anticipates that the company will post earnings of $0.66 per share for the quarter, up from their prior estimate of $0.65. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.00 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.35 EPS and Q4 2025 earnings at $0.55 EPS.

K-Bro Linen (TSE:KBL) last posted its earnings results on Thursday, March 21st. The company reported C$0.40 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.21). K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. The firm had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million.

Other research analysts have also issued research reports about the company. Acumen Capital lifted their price target on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities raised their price objective on K-Bro Linen from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Monday, March 25th.

K-Bro Linen Stock Performance

Shares of TSE:KBL opened at C$34.76 on Thursday. The firm has a fifty day simple moving average of C$34.64 and a two-hundred day simple moving average of C$33.93. K-Bro Linen has a 52 week low of C$28.21 and a 52 week high of C$37.04. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83. The stock has a market capitalization of C$367.76 million, a P/E ratio of 21.20, a PEG ratio of 3.50 and a beta of 1.11.

K-Bro Linen Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. K-Bro Linen’s dividend payout ratio is 73.17%.

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.