Kingfisher (LON:KGF) Shares Down 13.7% – What’s Next?

Kingfisher plc (LON:KGF) shares traded down 13.7% on Tuesday . The stock traded as low as GBX 238.70 ($3.08) and last traded at GBX 241.30 ($3.12). 370,668,406 shares were traded during mid-day trading, an increase of 820% from the average session volume of 40,286,469 shares. The stock had previously closed at GBX 279.70 ($3.61).

Kingfisher Stock Down 13.5 %

The company’s 50-day simple moving average is GBX 250.80 and its two-hundred day simple moving average is GBX 271.04. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The firm has a market capitalization of £4.28 billion, a P/E ratio of 12.89, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF) last announced its earnings results 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%. As a group, research analysts expect that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of GBX 19.72 ($0.25) per share. The ex-dividend date is Thursday, March 27th. This is an increase from Kingfisher’s previous dividend of $3.80. This represents a dividend yield of 3.44%. Kingfisher’s payout ratio is 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 Koçta?. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.