Shares of Klabin SA (OTCMKTS:KLBAY – Get Free Report) reached a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $6.35 and last traded at $6.35, with a volume of 7,158 shares trading hands. The stock had previously closed at $6.6420.
The basic materials company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Klabin had a return on equity of 1.72% and a net margin of 1.26%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Get Our Latest Stock Report on Klabin
Klabin Trading Down 4.4%
The stock has a market capitalization of $19.82 billion, a P/E ratio of 37.60, a P/E/G ratio of 1.79 and a beta of 0.61. The company has a quick ratio of 1.55, a current ratio of 2.00 and a debt-to-equity ratio of 2.04. The stock’s 50 day moving average price is $7.27 and its 200-day moving average price is $7.18.
Klabin Company Profile
Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.
Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.
Featured Articles
- Five stocks we like better than Klabin
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Klabin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klabin and related companies with MarketBeat.com's FREE daily email newsletter.
