Klabin SA (OTCMKTS:KLBAY – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.8150, but opened at $7.19. Klabin shares last traded at $7.27, with a volume of 5,368 shares changing hands.
Analyst Ratings Changes
Separately, Zacks Research downgraded shares of Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Klabin
Klabin Trading Up 2.3%
Klabin (OTCMKTS:KLBAY – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a return on equity of 1.79% and a net margin of 1.26%. Sell-side analysts anticipate that Klabin SA will post 0.21 EPS for the current fiscal year.
Klabin Company Profile
Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.
As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.
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