Klabin (OTCMKTS:KLBAY) Issues Quarterly Earnings Results

Klabin (OTCMKTS:KLBAY) released its quarterly earnings data on Wednesday. The basic materials company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05), Zacks reports.

Klabin Price Performance

KLBAY stock remained flat at $7.11 during trading hours on Wednesday. 1,713 shares of the company’s stock traded hands. Klabin has a 12 month low of $6.35 and a 12 month high of $10.23. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $7.18. The stock has a market cap of $22.19 billion, a P/E ratio of 42.10 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Klabin from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Klabin Company Profile

Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.

Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.