Jeffrey Ronald Gannon Sells 1,100 Shares of K-Bro Linen Inc. (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$35.41 on Friday. The company has a fifty day moving average price of C$35.86 and a 200 day moving average price of C$34.61. The firm has a market cap of C$370.39 million, a PE ratio of 21.86, a PEG ratio of 3.50 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. K-Bro Linen Inc. has a 1-year low of C$30.03 and a 1-year high of C$37.74.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.59 EPS for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The company had revenue of C$93.47 million for the quarter, compared to analyst estimates of C$88.57 million. Research analysts predict that K-Bro Linen Inc. will post 2.3401929 earnings per share for the current fiscal year.

K-Bro Linen Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.39%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Analyst Upgrades and Downgrades

Separately, Raymond James raised their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

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.