K-Bro Linen Inc (TSE:KBL) Director Linda Jane Mccurdy sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of C$39.10, for a total transaction of C$1,173,000.00.

KBL stock opened at C$38.71 on Friday. K-Bro Linen Inc has a one year low of C$33.04 and a one year high of C$43.04.

K-Bro Linen (TSE:KBL) last announced its earnings results on Monday, August 13th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.17 by C$0.08. K-Bro Linen had a net margin of 7.84% and a return on equity of 7.97%. The business had revenue of C$60.74 million for the quarter, compared to analyst estimates of C$59.00 million.

The business also recently announced a monthly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a $0.10 dividend. The ex-dividend date is Thursday, August 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%.

KBL has been the topic of several analyst reports. National Bank Financial dropped their price target on shares of K-Bro Linen from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, May 11th. TD Securities dropped their price target on shares of K-Bro Linen from C$48.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday, June 11th. Finally, Cormark restated a “market perform” rating and set a C$38.00 price target on shares of K-Bro Linen in a research report on Friday, July 27th.

About K-Bro Linen

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, tablecloths, surgical gowns and drapes, and other linen.

Further Reading: Are analyst ratings accurate?

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