Kennedy-Wilson (NYSE:KW) Releases Earnings Results, Misses Expectations By $0.21 EPS

Kennedy-Wilson (NYSE:KW - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.21), Zacks reports. The business had revenue of $135.50 million for the quarter, compared to the consensus estimate of $232.16 million. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%.

Kennedy-Wilson Stock Performance

KW stock traded up $0.15 during trading on Friday, reaching $9.72. The stock had a trading volume of 784,281 shares, compared to its average volume of 559,623. Kennedy-Wilson has a 52 week low of $7.85 and a 52 week high of $11.88. The stock's 50 day moving average is $9.29 and its two-hundred day moving average is $10.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.33 billion, a PE ratio of -3.77, a PEG ratio of 0.54 and a beta of 1.13.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson's dividend payout ratio is -85.71%.

Analyst Upgrades and Downgrades

KW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price target on the stock. StockNews.com raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, December 6th.

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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.