Kingfisher (LON:KGF) Posts Earnings Results

Key Points

• Kingfisher reported earnings of GBX 15.30 per share along with a return on equity of 5.23% and a net margin of 2.68% for the quarter.
• Analysts have largely issued a "hold" rating on Kingfisher, with target prices reduced to a consensus average of GBX 287.75.
• The company's current market cap is approximately £5.03 billion, with a price-to-earnings ratio of 2,929.29.

Kingfisher (LON:KGF - Get Free Report) issued its quarterly earnings results on Tuesday. The home improvement retailer reported GBX 15.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%.

Kingfisher Price Performance

LON:KGF opened at GBX 290 on Tuesday. Kingfisher has a one year low of GBX 227.20 and a one year high of GBX 330.43. 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 firm has a market cap of £5.03 billion, a price-to-earnings ratio of 2,929.29, a PEG ratio of 2.87 and a beta of 0.96. The firm's fifty day moving average is GBX 265.82 and its two-hundred day moving average is GBX 272.65.

Analyst Ratings Changes

Several research firms recently issued reports on KGF. Deutsche Bank Aktiengesellschaft downgraded Kingfisher to a "hold" rating and cut their target price for the company from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Berenberg Bank cut their target price on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Citigroup cut their target price on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Kingfisher in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kingfisher currently has a consensus rating of "Reduce" and an average price target of GBX 287.75.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 colleagues. We operate in seven 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.

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