Kennedy-Wilson Holdings Shares Up 6.7% Following Better-Than-Expected Earnings (KW)
Kennedy-Wilson Holdings (NYSE:KW) shares shot up 6.7% on Thursday following a better than expected earnings announcement, Stock Ratings Network.com reports. The stock traded as high as $25.68 and last traded at $25.33, with a volume of 384,729 shares. The stock had previously closed at $23.75.
The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.48. The company had revenue of $92.00 million for the quarter, compared to the consensus estimate of $58.63 million. Kennedy-Wilson Holdings’s revenue was up 152.7% compared to the same quarter last year.
A number of analysts have recently weighed in on KW shares. Analysts at Deutsche Bank initiated coverage on shares of Kennedy-Wilson Holdings in a research note on Monday, June 23rd. They set a “buy” rating and a $32.00 price target on the stock. Analysts at B. Riley raised their price target on shares of Kennedy-Wilson Holdings from $31.00 to $32.50 in a research note on Friday, May 9th.
The stock has a 50-day moving average of $25.36 and a 200-day moving average of $24.12. The company’s market cap is $2.318 billion.
Kennedy-Wilson Holdings, Inc (NYSE:KW) is an international real estate investment and services firm.
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