Klabin (OTCMKTS:KLBAY) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Klabin (OTCMKTS:KLBAY) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02), Zacks reports. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Klabin had a net margin of 1.26% and a return on equity of 1.79%.

Klabin Price Performance

KLBAY remained flat at $7.14 during trading on Friday. 1,456 shares of the company’s stock traded hands, compared to its average volume of 3,114. The business’s fifty day moving average is $6.78 and its 200 day moving average is $7.16. The firm has a market cap of $22.30 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.65. Klabin has a 1-year low of $5.98 and a 1-year high of $10.23. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.37 and a current ratio of 1.78.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Klabin from a “hold” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Klabin

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.