KP Tissue (TSE:KPT) Sets New 12-Month Low – Here’s What Happened

KP Tissue Inc. (TSE:KPT)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$7.99 and last traded at C$8.00, with a volume of 106677 shares trading hands. The stock had previously closed at C$8.40.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their price target on shares of KP Tissue from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th.

KP Tissue Stock Down 0.1 %

The firm has a market cap of C$81.06 million, a price-to-earnings ratio of 13.70, a PEG ratio of -0.88 and a beta of 0.37. The firm has a fifty day moving average price of C$8.45 and a 200-day moving average price of C$8.41.

KP Tissue (TSE:KPT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.10). The business had revenue of C$509.80 million during the quarter, compared to analysts’ expectations of C$487.50 million. Equities research analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current fiscal year.

KP Tissue Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 8.86%. KP Tissue’s payout ratio is 120.00%.

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.