Kennedy-Wilson (NYSE:KW) Issues Earnings Results

Kennedy-Wilson (NYSE:KW) issued its earnings results on Wednesday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08, reports. Kennedy-Wilson had a net margin of 13.61% and a return on equity of 13.24%. The company had revenue of $143.70 million during the quarter, compared to analysts’ expectations of $160.05 million. During the same period last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was down 34.0% compared to the same quarter last year.

Shares of KW stock traded down $0.04 during trading hours on Friday, hitting $22.37. The company’s stock had a trading volume of 386,329 shares, compared to its average volume of 282,018. The stock has a fifty day moving average of $20.91. The firm has a market capitalization of $3.07 billion, a PE ratio of 16.55 and a beta of 1.16. Kennedy-Wilson has a twelve month low of $17.25 and a twelve month high of $22.63. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.19.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a $0.21 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.84 annualized dividend and a dividend yield of 3.76%.

A number of brokerages have issued reports on KW. ValuEngine raised shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Evercore ISI began coverage on shares of Kennedy-Wilson in a report on Thursday, April 18th. They issued an “outperform” rating and a $21.52 target price for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Kennedy-Wilson has a consensus rating of “Buy” and a consensus price target of $26.13.

In other news, General Counsel Kent Y. Mouton sold 30,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $20.56, for a total value of $616,800.00. Following the sale, the general counsel now directly owns 474,956 shares in the company, valued at $9,765,095.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.70% of the stock is owned by corporate insiders.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).

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Earnings History for Kennedy-Wilson (NYSE:KW)

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