Kingfisher (LON:KGF) Trading Down 13.8% – What’s Next?

Kingfisher plc (LON:KGF) shares fell 13.8% on Tuesday . The company traded as low as GBX 238.70 ($3.07) and last traded at GBX 241.20 ($3.11). 367,623,094 shares changed hands during mid-day trading, an increase of 814% from the average session volume of 40,234,852 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Price Performance

The company’s fifty day moving average price is GBX 251.17 and its two-hundred day moving average price is GBX 270.47. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The company has a market cap of £4.30 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.87 and a beta of 0.96.

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

Kingfisher Increases Dividend

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

About Kingfisher

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.