Klabin (OTCMKTS:KLBAY) Posts Quarterly Earnings Results

Klabin (OTCMKTS:KLBAY) released its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, Zacks reports. Klabin had a net margin of 10.95% and a return on equity of 16.80%.

Klabin Trading Up 1.0 %

KLBAY traded up $0.07 during trading on Wednesday, hitting $7.40. 570 shares of the stock were exchanged, compared to its average volume of 4,235. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 6.41 and a beta of 1.08. Klabin has a 1 year low of $6.80 and a 1 year high of $9.33. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. The firm has a 50 day simple moving average of $7.29 and a 200 day simple moving average of $7.43.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s payout ratio is 37.50%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Klabin from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.