Kingstone Companies (NASDAQ:KINS) Issues Earnings Results

Kingstone Companies (NASDAQ:KINS) issued its earnings results on Monday. The insurance provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39, Yahoo Finance reports. 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 0.22% and a negative return on equity of 3.04%. During the same period last year, the company posted ($0.06) earnings per share. Kingstone Companies updated its FY 2025 guidance to 1.200-1.600 EPS and its FY 2024 guidance to 1.000-1.300 EPS.

Kingstone Companies Stock Up 6.8 %

NASDAQ:KINS traded up $0.51 during mid-day trading on Tuesday, hitting $8.01. 64,486 shares of the company’s stock traded hands, compared to its average volume of 33,430. The company has a fifty day moving average of $5.50 and a 200 day moving average of $4.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.34 and a current ratio of 0.34. Kingstone Companies has a twelve month low of $1.29 and a twelve month high of $8.30. The company has a market capitalization of $88.17 million, a P/E ratio of -813,000.00 and a beta of 0.56.

Analysts Set New Price Targets

Several brokerages have issued reports on KINS. Janney Montgomery Scott started coverage on shares of Kingstone Companies in a report on Tuesday, July 16th. They set a “buy” rating and a $6.50 target price on the stock. StockNews.com initiated coverage on Kingstone Companies in a research note on Friday, June 14th. They set a “buy” rating for the company.

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.