FY2017 Earnings Estimate for K Bro Linen Inc (KBL) Issued By Cormark
K Bro Linen Inc (TSE:KBL) – Analysts at Cormark lifted their FY2017 earnings per share estimates for shares of K Bro Linen in a research report issued on Thursday. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of $1.15 for the year, up from their previous forecast of $1.10. Cormark also issued estimates for K Bro Linen’s FY2018 earnings at $1.20 EPS and FY2019 earnings at $1.71 EPS.
A number of other brokerages also recently weighed in on KBL. National Bank Financial reissued an “outperform” rating and set a C$46.00 target price on shares of K Bro Linen in a research note on Wednesday, December 13th. TD Securities lifted their target price on shares of K Bro Linen from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research note on Friday.
The company also recently announced a monthly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, November 29th. K Bro Linen’s dividend payout ratio is presently 115.38%.
In other K Bro Linen news, insider Ryo Utahara sold 650 shares of K Bro Linen stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$42.50, for a total value of C$27,625.00.
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About K Bro Linen
K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.
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