Kennedy-Wilson Holdings Inc. (KW) Posts Earnings Results, Beats Expectations By $0.15 EPS

Kennedy-Wilson Holdings Inc. (NYSE:KW) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15, reports. Kennedy-Wilson Holdings had a return on equity of 2.05% and a net margin of 1.94%. The business had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $177.89 million. During the same period in the prior year, the firm earned ($0.03) EPS. The business’s quarterly revenue was up 59.0% on a year-over-year basis.

Kennedy-Wilson Holdings (NYSE:KW) traded down $0.30 on Friday, reaching $19.25. The company had a trading volume of 1,570,000 shares, compared to its average volume of 1,450,000. Kennedy-Wilson Holdings has a 12-month low of $17.95 and a 12-month high of $23.00. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.33. The firm has a market cap of $2,200.00, a PE ratio of 45.83 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be given a $0.19 dividend. This is a boost from Kennedy-Wilson Holdings’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 3.95%. The ex-dividend date is Thursday, December 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is currently 485.71%.

KW has been the topic of several analyst reports. BidaskClub cut Kennedy-Wilson Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BTIG Research restated a “buy” rating and issued a $33.00 target price on shares of Kennedy-Wilson Holdings in a research report on Tuesday, October 17th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $23.00 target price on shares of Kennedy-Wilson Holdings in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Kennedy-Wilson Holdings presently has an average rating of “Hold” and an average target price of $28.33.

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About Kennedy-Wilson Holdings

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

Earnings History for Kennedy-Wilson Holdings (NYSE:KW)

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