Kingfisher (LON:KGF) Shares Down 13.4% – Here’s Why

Kingfisher plc (LON:KGF)’s stock price was down 13.4% during trading on Tuesday . The company traded as low as GBX 238.70 ($3.07) and last traded at GBX 242.10 ($3.12). Approximately 367,349,938 shares were traded during mid-day trading, an increase of 813% from the average daily volume of 40,230,223 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Stock Performance

The company’s 50-day moving average price is GBX 251.17 and its two-hundred day moving average price is GBX 270.47. The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Kingfisher (LON:KGF) 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 return on equity of 5.23% and a net margin of 2.68%. On average, equities research analysts anticipate 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 issued a GBX 19.72 ($0.25) dividend. This is an increase from Kingfisher’s previous dividend of $3.80. This represents a yield of 3.44%. The ex-dividend date is Thursday, March 27th. Kingfisher’s payout ratio is presently 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.