FY2016 EPS Estimates for K-Bro Linen Inc (KBL) Reduced by Cormark
K-Bro Linen Inc (TSE:KBL) – Cormark decreased their FY2016 earnings estimates for shares of K-Bro Linen in a research note issued to investors on Monday. Cormark analyst G. Fairweather now forecasts that the brokerage will post earnings of $1.54 per share for the year, down from their prior forecast of $1.65. Cormark also issued estimates for K-Bro Linen’s FY2017 earnings at $1.63 EPS and FY2018 earnings at $1.70 EPS.
Several other equities research analysts have also recently commented on the stock. Scotiabank reiterated a “sector perform” rating and set a C$48.00 price target on shares of K-Bro Linen in a research report on Monday, August 15th. TD Securities reiterated a “buy” rating and set a C$54.00 price target on shares of K-Bro Linen in a research report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$48.83.
About K-Bro Linen
K-Bro Linen Inc is an owner and operator of laundry and linen processing facilities in Canada. 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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