Equities analysts expect Kingstone Companies, Inc. (NASDAQ:KINS) to report earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kingstone Companies’ earnings. Kingstone Companies posted earnings of ($0.27) per share during the same quarter last year, which would indicate a positive year over year growth rate of 74.1%. The business is scheduled to report its next earnings report on Friday, November 5th.
According to Zacks, analysts expect that Kingstone Companies will report full year earnings of ($0.30) per share for the current year. For the next year, analysts anticipate that the firm will post earnings of $0.50 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kingstone Companies.
Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, August 12th. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35). The company had revenue of $39.60 million for the quarter, compared to the consensus estimate of $37.53 million. Kingstone Companies had a negative return on equity of 6.16% and a net margin of 1.89%.
NASDAQ:KINS traded down $0.35 during trading hours on Monday, hitting $6.25. The company’s stock had a trading volume of 62,034 shares, compared to its average volume of 14,656. The stock has a fifty day simple moving average of $6.94 and a 200-day simple moving average of $7.66. The company has a market capitalization of $66.03 million, a P/E ratio of 25.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.54. Kingstone Companies has a twelve month low of $5.72 and a twelve month high of $8.98.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were paid a $0.04 dividend. The ex-dividend date was Monday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 2.56%. Kingstone Companies’s payout ratio is presently -533.33%.
Institutional investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. raised its position in shares of Kingstone Companies by 60.1% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 906,100 shares of the insurance provider’s stock worth $7,068,000 after acquiring an additional 340,000 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in shares of Kingstone Companies by 9.6% in the second quarter. ACR Alpine Capital Research LLC now owns 243,914 shares of the insurance provider’s stock valued at $1,902,000 after purchasing an additional 21,410 shares during the period. BlackRock Inc. boosted its holdings in shares of Kingstone Companies by 2.2% in the first quarter. BlackRock Inc. now owns 174,620 shares of the insurance provider’s stock valued at $1,492,000 after purchasing an additional 3,692 shares during the period. Salzhauer Michael raised its stake in Kingstone Companies by 3.6% in the second quarter. Salzhauer Michael now owns 85,805 shares of the insurance provider’s stock worth $669,000 after buying an additional 3,000 shares in the last quarter. Finally, Eidelman Virant Capital raised its stake in Kingstone Companies by 5.0% in the third quarter. Eidelman Virant Capital now owns 80,916 shares of the insurance provider’s stock worth $537,000 after buying an additional 3,870 shares in the last quarter. Institutional investors and hedge funds own 40.74% of the company’s stock.
Kingstone Companies Company Profile
Kingstone Cos., Inc operates as a holding company, which engages in the provision of property and casualty insurance policies to individuals and small businesses through its subsidiary. Its writing business are carried through independent retail and wholesale agents and brokers. The company was founded in 1886 and is headquartered in Kingston, NY.
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