Kingfisher (LON:KGF) Trading Down 13% - Here's What Happened

Kingfisher plc (LON:KGF - Get Free Report) fell 13% on Tuesday . The company traded as low as GBX 238.70 ($3.09) and last traded at GBX 243.27 ($3.15). 367,251,000 shares were traded during trading, an increase of 813% from the average session volume of 40,228,547 shares. The stock had previously closed at GBX 279.70 ($3.62).

Kingfisher Stock Up 1.4 %

The company has a market cap of £4.45 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The firm's fifty day moving average price is GBX 251.51 and its 200-day moving average price is GBX 270.17.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) earnings per share for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Sell-side analysts predict that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a GBX 19.72 ($0.26) dividend. This is a boost from Kingfisher's previous dividend of $3.80. This represents a yield of 3.44%. The ex-dividend date is Thursday, March 27th. Kingfisher's payout ratio is currently 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.