Kingfisher (LON:KGF) Trading Down 13.7% – What’s Next?

Shares of Kingfisher plc (LON:KGF) traded down 13.7% during mid-day trading on Tuesday . The stock traded as low as GBX 238.70 ($3.07) and last traded at GBX 241.30 ($3.11). 370,668,406 shares were traded during trading, an increase of 820% from the average session volume of 40,286,469 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Stock Performance

The firm has a market cap of £4.37 billion, a PE ratio of 13.18, a P/E/G ratio of 2.87 and a beta of 0.96. The stock has a 50-day moving average price of GBX 251.17 and a 200 day moving average price of GBX 270.47. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF) last released its earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) earnings per share (EPS) for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Research analysts forecast that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a GBX 19.72 ($0.25) dividend. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Kingfisher’s previous dividend of $3.80. Kingfisher’s dividend payout ratio (DPR) is currently 63.94%.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.