FY2024 EPS Estimates for K-Bro Linen Inc. Raised by Leede Jones Gab (TSE:KBL)

K-Bro Linen Inc. (TSE:KBL) – Equities researchers at Leede Jones Gab raised their FY2024 earnings estimates for shares of K-Bro Linen in a report issued on Monday, March 25th. Leede Jones Gab analyst D. Loe now forecasts that the company will post earnings per share of $1.91 for the year, up from their previous forecast of $1.75. 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 FY2025 earnings at $2.34 EPS.

Separately, TD Securities lifted 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 note on Monday.

K-Bro Linen Stock Up 3.7 %

K-Bro Linen stock opened at C$34.55 on Tuesday. The stock has a market cap of C$369.34 million, a price-to-earnings ratio of 27.42, a PEG ratio of 3.50 and a beta of 1.11. The company has a current ratio of 1.76, a quick ratio of 0.87 and a debt-to-equity ratio of 59.54. The company’s 50-day moving average price is C$34.05 and its two-hundred day moving average price is C$33.29. K-Bro Linen has a 52 week low of C$26.90 and a 52 week high of C$35.70.

K-Bro Linen Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Wednesday, March 27th. K-Bro Linen’s 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.