K-Bro Linen Inc. (TSE:KBL – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$33.60 and traded as high as C$36.06. K-Bro Linen shares last traded at C$34.83, with a volume of 5,110 shares.
Analyst Upgrades and Downgrades
Separately, TD Securities upped their target price on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Monday, March 25th.
Get Our Latest Stock Analysis on K-Bro Linen
K-Bro Linen Price Performance
K-Bro Linen (TSE:KBL – Get Free Report) last issued its earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million during the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%. As a group, analysts anticipate that K-Bro Linen Inc. will post 2.0010983 earnings per share for the current fiscal year.
K-Bro Linen Announces Dividend
The business also recently disclosed 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 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, April 29th. K-Bro Linen’s dividend payout ratio (DPR) is presently 73.17%.
K-Bro Linen Company Profile
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.
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