Kingstone Companies (NASDAQ:KINS - Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.500-0.500 for the period, compared to the consensus EPS estimate of 0.210. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on KINS. StockNews.com upgraded Kingstone Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, August 21st. Janney Montgomery Scott started coverage on Kingstone Companies in a research note on Tuesday, July 16th. They issued a "buy" rating and a $6.50 price target on the stock.
Read Our Latest Research Report on Kingstone Companies
Kingstone Companies Stock Up 2.7 %
Kingstone Companies stock traded up $0.26 during midday trading on Tuesday, reaching $9.99. The company's stock had a trading volume of 481,878 shares, compared to its average volume of 74,953. Kingstone Companies has a fifty-two week low of $1.67 and a fifty-two week high of $12.41. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62. The company has a market cap of $110.49 million, a P/E ratio of 24.36 and a beta of 0.57. The business has a 50-day simple moving average of $9.33 and a 200-day simple moving average of $6.72.
Kingstone Companies (NASDAQ:KINS - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $36.50 million for the quarter, compared to analysts' expectations of $36.80 million. Kingstone Companies had a return on equity of 13.61% and a net margin of 3.74%. During the same period last year, the firm earned ($0.06) earnings per share. On average, research analysts expect that Kingstone Companies will post 1 earnings per share for the current fiscal year.
About Kingstone Companies
(
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Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.
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