KP Tissue (TSE:KPT) Stock Price Crosses Above 200 Day Moving Average of $8.45

Shares of KP Tissue Inc. (TSE:KPT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.45 and traded as high as C$8.52. KP Tissue shares last traded at C$8.47, with a volume of 15,814 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KPT. TD Securities boosted their target price on KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Desjardins lowered their price objective on KP Tissue from C$11.00 to C$10.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th.

KP Tissue Trading Down 1.1 %

The company has a market capitalization of C$83.75 million, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. The firm’s fifty day simple moving average is C$8.49 and its two-hundred day simple moving average is C$8.45.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.10). The company had revenue of C$509.80 million for the quarter, compared to analysts’ expectations of C$487.50 million. As a group, analysts forecast that KP Tissue Inc. will post 0.7899628 EPS for the current fiscal year.

KP Tissue Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.57%. KP Tissue’s payout ratio is currently 120.00%.

KP Tissue Company Profile

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.