Kingstone Companies (NASDAQ:KINS) Releases FY 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.300-1.600 for the period, compared to the consensus estimate of 1.360. The company issued revenue guidance of -. Kingstone Companies also updated its FY 2025 guidance to 1.450-1.850 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kingstone Companies from a “hold” rating to a “buy” rating in a report on Wednesday.

Kingstone Companies Stock Performance

Kingstone Companies stock opened at $13.29 on Wednesday. The firm has a 50-day moving average of $9.99 and a 200-day moving average of $7.52. The firm has a market cap of $164.12 million, a P/E ratio of 10.22 and a beta of 0.55. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. Kingstone Companies has a 1-year low of $1.95 and a 1-year high of $13.54.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period last year, the company earned ($0.27) EPS. Sell-side analysts expect that Kingstone Companies will post 1.36 EPS for the current year.

Insider Activity at Kingstone Companies

In other news, Director Carla D’andre acquired 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $10.98 per share, for a total transaction of $43,920.00. Following the completion of the acquisition, the director now owns 4,000 shares in the company, valued at $43,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.20% of the stock is currently owned by corporate insiders.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.