Kennedy-Wilson Holdings Inc. (KW) Releases Earnings Results, Beats Estimates By $0.15 EPS
Kennedy-Wilson Holdings Inc. (NYSE:KW) released its quarterly earnings results on Thursday. The financial services provider reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.15, Briefing.com reports. Kennedy-Wilson Holdings had a net margin of 1.94% and a return on equity of 2.05%. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $177.89 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 59.0% compared to the same quarter last year.
Shares of Kennedy-Wilson Holdings (KW) traded down $0.30 during mid-day trading on Friday, reaching $19.25. 1,570,000 shares of the company were exchanged, compared to its average volume of 1,450,000. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.20 and a quick ratio of 3.20. Kennedy-Wilson Holdings has a fifty-two week low of $17.95 and a fifty-two week high of $23.00. The company has a market capitalization of $2,200.00, a price-to-earnings ratio of 45.83 and a beta of 1.40.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a yield of 3.95%. This is a positive change from Kennedy-Wilson Holdings’s previous quarterly dividend of $0.17. Kennedy-Wilson Holdings’s payout ratio is 523.12%.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Kennedy-Wilson Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Tuesday, October 17th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson Holdings in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.33.
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Kennedy-Wilson Holdings Company Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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