Kingfisher (LON:KGF) Shares Down 13.8% - What's Next?

Shares of Kingfisher plc (LON:KGF - Get Free Report) dropped 13.8% during mid-day trading on Tuesday . The company traded as low as GBX 238.70 ($3.09) and last traded at GBX 241.20 ($3.12). Approximately 367,623,094 shares were traded during mid-day trading, an increase of 814% from the average daily volume of 40,234,852 shares. The stock had previously closed at GBX 279.70 ($3.62).

Kingfisher Trading Up 1.4 %

The business's 50-day simple moving average is GBX 251.51 and its 200-day simple moving average is GBX 270.17. 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 company has a market cap of £4.45 billion, a PE ratio of 13.41, a P/E/G ratio of 2.87 and a beta of 0.96.

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 (EPS) for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. As a group, analysts expect that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Kingfisher Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a GBX 19.72 ($0.26) dividend. The ex-dividend date is Thursday, March 27th. This is a boost from Kingfisher's previous dividend of $3.80. This represents a yield of 3.44%. Kingfisher's payout ratio is 63.94%.

About Kingfisher

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.