Kingfisher (LON:KGF) Trading Down 14.2% – What’s Next?

Shares of Kingfisher plc (LON:KGF) dropped 14.2% during mid-day trading on Tuesday . The company traded as low as GBX 238.70 ($3.08) and last traded at GBX 240.10 ($3.10). Approximately 369,245,438 shares changed hands during trading, an increase of 817% from the average daily volume of 40,262,352 shares. The stock had previously closed at GBX 279.70 ($3.61).

Kingfisher Stock Down 13.5 %

The company has a market cap of £4.28 billion, a P/E ratio of 12.89, a PEG ratio of 2.87 and a beta of 0.96. The stock’s 50-day moving average price is GBX 250.80 and its 200-day moving average price is GBX 271.04. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

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

Kingfisher Increases Dividend

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