Klabin (OTCMKTS:KLBAY) Announces Earnings Results

Klabin (OTCMKTS:KLBAY) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.53), Zacks reports. Klabin had a return on equity of 11.06% and a net margin of 7.13%.

Klabin Stock Down 0.8%

Shares of Klabin stock traded down $0.06 on Wednesday, reaching $7.04. 3,235 shares of the company were exchanged, compared to its average volume of 3,726. Klabin has a 1-year low of $5.98 and a 1-year high of $10.23. The company has a market cap of $21.96 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.70. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.06 and a quick ratio of 1.64. The stock’s 50 day moving average price is $7.48 and its 200-day moving average price is $7.25.

Analyst Ratings Changes

Separately, Itau BBA Securities downgraded Klabin to a “market perform” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.