None
DE
Klabin (OTCMKTS:KLBAY) Cut to Strong Sell at Zacks Research
['Max Byerly']
Ticker Report
Klabin (OTCMKTS:KLBAY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.
Research analysts anticipate that Klabin will post 0.21 earnings per share for the current fiscal year.
Klabin earnings call highlights margin strengthManagement’s earnings call highlighted stronger margins and a cautious but constructive outlook, which may reassure investors concerned about cost pressures and cyclical demand.
Negative Sentiment: Profit and EPS pressure: Second-quarter net income fell 34% to R$387 million, while EPS of $0.09 missed the $0.11 consensus estimate.
As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.