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Kingfisher (LON:KGF) Stock Price Down 13.5% - Here's What Happened

Kingfisher logo with Consumer Cyclical background
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Kingfisher plc (LON:KGF - Get Free Report)'s share price was down 13.5% during trading on Tuesday . The stock traded as low as GBX 238.70 ($3.09) and last traded at GBX 241.97 ($3.13). Approximately 1,843,341,875 shares changed hands during mid-day trading, an increase of 2,725% from the average daily volume of 65,247,035 shares. The stock had previously closed at GBX 279.70 ($3.62).

Kingfisher Stock Performance

The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The business has a 50 day moving average price of GBX 251.51 and a 200 day moving average price of GBX 270.17. The stock has a market capitalization of £4.45 billion, a PE ratio of 13.41, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts expect that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a GBX 19.72 ($0.26) dividend. This represents a yield of 3.44%. This is a positive change 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%.

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About Kingfisher

(Get Free Report)

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.

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