KP Tissue (TSE:KPT) Sets New 52-Week Low at $8.15

KP Tissue Inc. (TSE:KPT)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$8.15 and last traded at C$8.21, with a volume of 11069 shares changing hands. The stock had previously closed at C$8.22.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KPT shares. Desjardins reduced their price objective on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating for the company in a research note on Wednesday, May 15th. CIBC dropped their price target on shares of KP Tissue from C$10.00 to C$9.00 in a research report on Monday, March 11th. National Bankshares cut their price objective on shares of KP Tissue from C$9.50 to C$9.00 in a report on Friday, March 8th. Finally, TD Securities lowered their target price on shares of KP Tissue from C$9.00 to C$8.50 and set a “hold” rating on the stock in a research note on Wednesday, May 15th.

KP Tissue Trading Down 0.9 %

The stock’s fifty day moving average price is C$8.49 and its 200-day moving average price is C$8.79. The firm has a market cap of C$81.06 million, a price-to-earnings ratio of -16.26, a P/E/G ratio of -0.88 and a beta of 0.40.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, March 7th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.01). The firm had revenue of C$482.27 million during the quarter, compared to analyst estimates of C$498.00 million. Analysts predict that KP Tissue Inc. will post 0.6545894 earnings per share for the current year.

KP Tissue Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Friday, June 28th. KP Tissue’s dividend payout ratio (DPR) is currently -144.00%.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.