1 day Ago By ABMN Staff
Shares of K-Bro Linen Inc. ( TSE:KBL – Get Free Report ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$34.
57 and traded as high as C$36.50. K-Bro Linen shares last traded at C$36.
14, with a volume of 11,880 shares. Analyst Ratings Changes Separately, Raymond James lifted their price target on shares of K-Bro Linen from C$40.00 to C$45.
00 in a report on Thursday, August 8th. Get Our Latest Report on KBL K-Bro Linen Price Performance K-Bro Linen ( TSE:KBL – Get Free Report ) last issued its 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.
K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%.
The firm had revenue of C$93.47 million during the quarter, compared to analyst estimates of C$88.57 million.
On average, analysts predict that K-Bro Linen Inc. will post 2.3401929 EPS for the current fiscal year.
K-Bro Linen Announces Dividend The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.10 dividend.
The ex-dividend date is Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.
32%. K-Bro Linen’s dividend payout ratio is 74.07%.
Insiders Place Their Bets In other K-Bro Linen news, Senior Officer Ryo Utahara sold 1,400 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$32.40, for a total value of C$45,360.
00. Company insiders own 3.25% of the company’s stock.
About K-Bro Linen ( Get Free Report ) 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. Featured Articles Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.
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