Kennedy-Wilson (NYSE:KW) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.17, Fidelity Earnings reports. Kennedy-Wilson had a net margin of 22.76% and a return on equity of 11.75%. The firm had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $199.49 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was down 31.8% on a year-over-year basis.
NYSE:KW traded up $0.84 during trading hours on Thursday, reaching $19.82. The company had a trading volume of 779,717 shares, compared to its average volume of 843,199. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 44.04 and a beta of 1.38. Kennedy-Wilson has a twelve month low of $15.95 and a twelve month high of $22.27.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 28th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 27th. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 4.24%. Kennedy-Wilson’s dividend payout ratio is 168.89%.
KW has been the subject of several recent research reports. Deutsche Bank decreased their price target on shares of Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, August 29th. TheStreet upgraded shares of Kennedy-Wilson from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, JMP Securities increased their price objective on shares of Kennedy-Wilson from $23.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd.
Kennedy-Wilson Holdings, Inc operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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