K-Bro Linen (KBL) Set to Announce Quarterly Earnings on Monday

K-Bro Linen (TSE:KBL) is set to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.

K-Bro Linen (TSE:KBL) last announced its earnings results on Thursday, March 21st. The company reported C$0.40 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.21). The company had revenue of C$82.46 million for the quarter, compared to analyst estimates of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%.

K-Bro Linen Price Performance

Shares of TSE:KBL opened at C$34.76 on Friday. The business’s fifty day moving average price is C$34.64 and its two-hundred day moving average price is C$33.95. The stock has a market cap of C$367.76 million, a PE ratio of 21.20, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The company has a debt-to-equity ratio of 70.83, a quick ratio of 0.87 and a current ratio of 1.73. K-Bro Linen has a one year low of C$28.21 and a one year high of C$37.04.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Monday, April 29th. K-Bro Linen’s dividend payout ratio (DPR) is presently 73.17%.

Analyst Ratings Changes

A number of research analysts have weighed in on KBL shares. Acumen Capital increased their price target on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a research note on Wednesday. TD Securities increased their price target on K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research note on Monday, March 25th.

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.