Kingfisher (LON:KGF) Trading Down 13.5% – Should You Sell?

Kingfisher plc (LON:KGF)’s stock price traded down 13.5% during mid-day trading on Wednesday . The company traded as low as GBX 238.70 ($3.09) and last traded at GBX 241.97 ($3.13). 1,843,341,875 shares traded hands during trading, an increase of 2,725% from the average session volume of 65,247,035 shares. The stock had previously closed at GBX 279.70 ($3.62).

Kingfisher Stock Performance

The business has a 50 day moving average of GBX 251.05 and a 200-day moving average of GBX 270.75. 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 capitalization of £4.28 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

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

Kingfisher Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a GBX 19.72 ($0.26) dividend. This represents a yield of 3.44%. This is an increase 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 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.