Kennedy-Wilson (KW) Scheduled to Post Quarterly Earnings on Wednesday

Kennedy-Wilson (NYSE:KW) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Kennedy-Wilson to post earnings of $0.74 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Kennedy-Wilson (NYSE:KW) last announced 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. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. 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 KW stock opened at $10.66 on Monday. The stock has a market cap of $1.46 billion, a PE ratio of -3.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10. Kennedy-Wilson has a 52-week low of $7.85 and a 52-week high of $13.48. The business has a 50-day simple moving average of $10.98 and a 200-day simple moving average of $10.29. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.50%. Kennedy-Wilson’s dividend payout ratio is presently -17.91%.

Analysts Set New Price Targets

KW has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. upped their price objective on shares of 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.