Kennedy-Wilson (KW) to Release Quarterly Earnings on Wednesday

Kennedy-Wilson (NYSE:KW) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $100.66 million. During the same period last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. On average, analysts expect Kennedy-Wilson to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kennedy-Wilson Stock Performance

Shares of NYSE KW opened at $10.87 on Tuesday. The stock’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $10.30. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -4.06, a P/E/G ratio of 0.65 and a beta of 1.10. Kennedy-Wilson has a one year low of $7.85 and a one year high of $13.27. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is presently -17.91%.

Analyst Upgrades and Downgrades

KW has been the topic of a number of research reports. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. raised their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th.

About Kennedy-Wilson

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.