K-Bro Linen (KBL) to Release Quarterly Earnings on Wednesday

K-Bro Linen (TSE:KBL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.70 per share for the quarter.

K-Bro Linen (TSE:KBL) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.08. The business had revenue of C$93.47 million during the quarter, compared to the consensus estimate of C$88.57 million. K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%.

K-Bro Linen Stock Performance

KBL stock opened at C$34.22 on Wednesday. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The stock has a market capitalization of C$357.94 million, a price-to-earnings ratio of 21.12, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$37.74. The stock’s fifty day moving average is C$34.95 and its two-hundred day moving average is C$34.52.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Analysts Set New Price Targets

Separately, Raymond James upped their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is owned by corporate insiders.

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.