K-Bro Linen (TSE:KBL) Releases Earnings Results

K-Bro Linen (TSE:KBL) issued its quarterly earnings data on Tuesday. The company reported C$0.36 earnings per share for the quarter, FiscalAI reports. K-Bro Linen had a net margin of 3.55% and a return on equity of 7.09%. The business had revenue of C$139.11 million during the quarter.

K-Bro Linen Price Performance

TSE:KBL opened at C$39.00 on Wednesday. The stock has a market cap of C$503.18 million, a P/E ratio of 25.83, a PEG ratio of 3.50 and a beta of 0.57. K-Bro Linen has a one year low of C$33.30 and a one year high of C$39.70. The company has a fifty day moving average price of C$36.19 and a 200 day moving average price of C$35.72. The company has a debt-to-equity ratio of 116.99, a current ratio of 1.88 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$51.00 price objective on shares of K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$49.75.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.