KP Tissue Inc (TSE:KPT) to Post FY2017 Earnings of $1.01 Per Share, National Bank Financial Forecasts
KP Tissue Inc (TSE:KPT) – Equities research analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for KP Tissue in a report issued on Wednesday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings of $1.01 per share for the year, down from their prior forecast of $1.12.
Other analysts have also recently issued research reports about the stock. TD Securities upgraded shares of KP Tissue from a “hold” rating to a “buy” rating and set a C$16.00 target price on the stock in a report on Thursday. Scotiabank dropped their target price on shares of KP Tissue from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a report on Thursday.
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KP Tissue (TSE KPT) traded down 3.22% during midday trading on Friday, hitting $14.12. 350 shares of the stock were exchanged. The stock’s market cap is $129.11 million. KP Tissue has a 1-year low of $12.50 and a 1-year high of $16.34. The company’s 50 day moving average is $14.21 and its 200-day moving average is $15.10.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Thursday, September 28th.
About KP Tissue
KP Tissue Inc is a Canada-based company, created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.
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