Kingstone Companies (NASDAQ:KINS) Releases FY 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.300-1.600 for the period, compared to the consensus estimate of 1.360. The company issued revenue guidance of -. Kingstone Companies also updated its FY 2025 guidance to 1.450-1.850 EPS.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research report on Wednesday.

Kingstone Companies Price Performance

NASDAQ KINS opened at $15.15 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $7.61. The company has a market cap of $187.10 million, a P/E ratio of 11.65 and a beta of 0.55. Kingstone Companies has a 1 year low of $1.95 and a 1 year high of $15.82.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $40.77 million during the quarter, compared to the consensus estimate of $41.80 million. Kingstone Companies had a net margin of 10.60% and a return on equity of 32.55%. During the same period in the prior year, the firm earned ($0.27) EPS. On average, sell-side analysts predict that Kingstone Companies will post 1.4 EPS for the current year.

Insider Activity at Kingstone Companies

In related news, Director Carla D’andre bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $10.98 per share, for a total transaction of $43,920.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at $43,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.20% of the company’s stock.

Kingstone Companies Company Profile

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.