Klabin (OTCMKTS:KLBAY) Announces Earnings Results, Misses Expectations By $0.53 EPS

Klabin (OTCMKTS:KLBAY) announced its earnings results on Wednesday. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.53), Zacks reports. Klabin had a return on equity of 11.06% and a net margin of 7.13%.

Klabin Trading Down 0.8%

OTCMKTS:KLBAY traded down $0.06 during trading hours on Wednesday, reaching $7.04. 3,235 shares of the company were exchanged, compared to its average volume of 3,726. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.64. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.96 and a beta of 0.70. Klabin has a 52-week low of $5.98 and a 52-week high of $10.23. The stock has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $7.25.

Analyst Ratings Changes

Separately, Itau BBA Securities lowered shares of Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Klabin Company Profile

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.