Kennedy-Wilson Holdings Trading Up 4.9% After Strong Earnings (KW)
Kennedy-Wilson Holdings (NYSE:KW) shares were up 4.9% during mid-day trading on Thursday following a stronger than expected earnings report, Stock Ratings Network reports. The company traded as high as $23.20 and last traded at $23.06, with a volume of 560,243 shares trading hands. The stock had previously closed at $21.98.
The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.50. The company had revenue of $51.50 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 125.9% on a year-over-year basis.
KW has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Kennedy-Wilson Holdings in a research note on Thursday, April 10th. They now have a $27.00 price target on the stock, up previously from $24.00. Analysts at B. Riley raised their price target on shares of Kennedy-Wilson Holdings from $26.00 to $31.00 in a research note on Thursday, February 27th.
The stock’s 50-day moving average is $22.26 and its 200-day moving average is $22.22. The company’s market cap is $2.110 billion.
Kennedy-Wilson Holdings, Inc (NYSE:KW) is an international real estate investment and services firm.
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