Kennedy-Wilson (NYSE:KW) Announces Quarterly Earnings Results

Kennedy-Wilson (NYSE:KW) issued its quarterly earnings data on Wednesday. The financial services provider reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.12, Briefing.com reports. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. The firm had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis.

Kennedy-Wilson Stock Performance

Shares of KW stock traded up $0.28 during trading on Friday, hitting $10.70. 895,808 shares of the stock traded hands, compared to its average volume of 632,137. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $16.65. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.34. The firm’s fifty day moving average price is $10.06 and its 200-day moving average price is $9.53.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is currently -24.37%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KW shares. JPMorgan Chase & Co. upped their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.