Klabin (OTCMKTS:KLBAY) Posts Earnings Results

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

Klabin Price Performance

Shares of KLBAY stock traded up $0.07 during trading hours on Wednesday, hitting $7.40. The company had a trading volume of 570 shares, compared to its average volume of 4,235. Klabin has a 12 month low of $6.80 and a 12 month 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’s fifty day moving average is $7.29 and its 200 day moving average is $7.43. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 6.41 and a beta of 1.08.

Klabin Cuts Dividend

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

Analyst Ratings Changes

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

About Klabin

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.