Kingstone Companies (NASDAQ:KINS) Updates Q3 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.500-0.500 for the period, compared to the consensus estimate of 0.210. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms have weighed in on KINS. StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Janney Montgomery Scott began coverage on shares of Kingstone Companies in a research report on Tuesday, July 16th. They issued a “buy” rating and a $6.50 price objective for the company.

Kingstone Companies Stock Up 2.8 %

NASDAQ:KINS traded up $0.29 on Thursday, reaching $10.62. The stock had a trading volume of 256,011 shares, compared to its average volume of 77,179. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $9.31 and a 200 day moving average of $6.79. The stock has a market cap of $117.51 million, a P/E ratio of 23.79 and a beta of 0.57. Kingstone Companies has a 12-month low of $1.67 and a 12-month high of $12.41.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $36.50 million for the quarter, compared to analyst estimates of $36.80 million. Kingstone Companies had a net margin of 3.74% and a return on equity of 13.61%. During the same quarter in the prior year, the business posted ($0.06) EPS. On average, research analysts predict that Kingstone Companies will post 1 earnings per share for the current year.

Kingstone Companies Company Profile

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.