Kingfisher (LON:KGF) Stock Price Down 13.4% – What’s Next?

Shares of Kingfisher plc (LON:KGF) dropped 13.4% during mid-day trading on Tuesday . The company traded as low as GBX 242 ($3.12) and last traded at GBX 242.20 ($3.12). Approximately 365,481,781 shares traded hands during trading, an increase of 809% from the average daily volume of 40,198,559 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Stock Performance

The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a 50 day moving average price of GBX 251.17 and a 200 day moving average price of GBX 270.47. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26.

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

Kingfisher Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of GBX 19.72 ($0.25) per share. This is an increase from Kingfisher’s previous dividend of $3.80. The ex-dividend date is Thursday, March 27th. This represents a yield of 3.44%. Kingfisher’s dividend payout ratio is presently 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.