Analysts Issue Forecasts for K-Bro Linen Inc.’s Q1 2024 Earnings (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Leede Jones Gab issued their Q1 2024 earnings per share (EPS) estimates for K-Bro Linen in a research note issued to investors on Monday, March 25th. Leede Jones Gab analyst D. Loe forecasts that the company will post earnings of $0.27 per share for the quarter. The consensus estimate for K-Bro Linen’s current full-year earnings is $2.12 per share. Leede Jones Gab also issued estimates for K-Bro Linen’s Q2 2024 earnings at $0.48 EPS, Q3 2024 earnings at $0.65 EPS, Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.79 EPS and Q4 2025 earnings at $0.57 EPS.

Separately, TD Securities upped their price objective on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Monday.

K-Bro Linen Trading Up 1.6 %

K-Bro Linen stock opened at C$35.09 on Wednesday. The stock has a market cap of C$375.11 million, a P/E ratio of 27.85, a PEG ratio of 3.50 and a beta of 1.11. K-Bro Linen has a fifty-two week low of C$26.98 and a fifty-two week high of C$35.70. The firm’s fifty day moving average price is C$34.06 and its 200-day moving average price is C$33.31. The company has a debt-to-equity ratio of 59.54, a quick ratio of 0.87 and a current ratio of 1.76.

K-Bro Linen Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. K-Bro Linen’s dividend payout ratio is 95.24%.

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.