Kingfisher (LON:KGF) Stock Price Down 13.4% – Here’s What Happened

Kingfisher plc (LON:KGF)’s stock price dropped 13.4% on Tuesday . The stock traded as low as GBX 242 ($3.12) and last traded at GBX 242.20 ($3.12). Approximately 365,481,781 shares changed 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 Trading Down 0.1 %

The company has a 50 day simple moving average of GBX 251.17 and a two-hundred day simple moving average 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. The company has a market cap of £4.32 billion, a PE ratio of 13.01, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) 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 net margin of 2.68% and a return on equity of 5.23%. Sell-side analysts forecast that Kingfisher plc will post 23.6949924 EPS for the current year.

Kingfisher Increases Dividend

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