K Bro Linen Inc (KBL) Scheduled to Post Quarterly Earnings on Wednesday
K Bro Linen Inc (TSE:KBL) will issue its quarterly earnings data after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Shares of K Bro Linen Inc (TSE KBL) opened at 39.25 on Monday. The firm has a 50-day moving average price of $39.77 and a 200-day moving average price of $40.54. The stock has a market cap of $372.72 million and a price-to-earnings ratio of 30.66. K Bro Linen Inc has a 1-year low of $36.69 and a 1-year high of $45.00.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%.
A number of research firms have commented on KBL. National Bank Financial upgraded K Bro Linen from an “underperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, April 26th. TD Securities reduced their target price on K Bro Linen from C$50.00 to C$45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 26th.
K Bro Linen Company Profile
K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. It provides laundry and linen services for sheets, blankets, towels, surgical gowns and drapes, and other linen.
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