Kennedy-Wilson (NYSE:KW) Announces Earnings Results

Kennedy-Wilson (NYSE:KW) announced its earnings results on Wednesday. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.21), Zacks reports. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%.

Kennedy-Wilson Stock Down 1.1 %

KW stock traded down $0.10 during midday trading on Wednesday, hitting $9.19. The company’s stock had a trading volume of 662,177 shares, compared to its average volume of 523,248. The firm’s 50-day moving average is $9.33 and its 200-day moving average is $10.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson has a 12 month low of $7.85 and a 12 month high of $11.88. The company has a market cap of $1.26 billion, a PE ratio of -3.56, a P/E/G ratio of 0.54 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KW. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday. They set a “hold” rating and a $9.00 price target for the company.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.