Brokers

Brokers Set Expectations for K-Bro Linen Inc.’s FY2023 Earnings (TSE:KBL)


K-Bro Linen Inc. (TSE:KBLGet Rating) – Equities research analysts at Leede Jones Gab decreased their FY2023 earnings estimates for K-Bro Linen in a research note issued on Monday, May 16th. Leede Jones Gab analyst D. Loe now forecasts that the company will post earnings per share of $2.87 for the year, down from their previous estimate of $2.88.

K-Bro Linen (TSE:KBLGet Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.09 by C$0.05. The firm had revenue of C$62.21 million for the quarter, compared to analyst estimates of C$57.54 million.

Several other brokerages also recently commented on KBL. Laurentian Bank of Canada lowered their price target on K-Bro Linen to C$45.00 and set a “buy” rating on the stock in a report on Thursday, March 17th. Acumen Capital cut their price objective on K-Bro Linen from C$52.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, March 17th. TD Securities dropped their price objective on K-Bro Linen from C$49.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday, March 17th. Raymond James lowered their price target on K-Bro Linen from C$50.00 to C$47.00 and set a “strong-buy” rating for the company in a report on Thursday, March 17th. Finally, National Bankshares reduced their price objective on shares of K-Bro Linen from C$45.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Monday, March 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$44.63.

KBL opened at C$32.25 on Wednesday. The business has a fifty day simple moving average of C$32.45 and a 200-day simple moving average of C$34.13. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 50.92. K-Bro Linen has a fifty-two week low of C$29.60 and a fifty-two week high of C$45.08. The firm has a market cap of C$345.72 million and a PE ratio of 39.67.

About K-Bro Linen (Get Rating)

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, and drapes and other linens.

Featured Articles

Earnings History and Estimates for K-Bro Linen (TSE:KBL)



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.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.