Kion Group (OTCMKTS:KIGRY) Releases Quarterly Earnings Results

Key Points

• Kion Group reported earnings of $0.20 per share for the quarter, with a return on equity of 3.39% and a net margin of 1.80%.
• The company announced a dividend increase, now at $0.1437 per share, up from the previous $0.12, reflecting a yield of 1.24%.
• Deutsche Bank reaffirmed a "buy" rating on Kion Group shares, indicating positive expectations for the company's growth.

Kion Group (OTCMKTS:KIGRY - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, Zacks reports. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.18 billion. Kion Group had a return on equity of 3.89% and a net margin of 2.08%.

Kion Group Trading Down 2.4%

KIGRY traded down $0.37 during mid-day trading on Friday, reaching $15.03. The stock had a trading volume of 12,366 shares, compared to its average volume of 40,331. The stock has a market capitalization of $7.89 billion, a P/E ratio of 31.32 and a beta of 2.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.68 and a current ratio of 0.99. The firm's fifty day simple moving average is $13.52 and its two-hundred day simple moving average is $11.36. Kion Group has a 52 week low of $7.66 and a 52 week high of $16.05.

Kion Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.1437 dividend. This represents a yield of 124.0%. The ex-dividend date was Thursday, May 29th. This is a positive change from Kion Group's previous dividend of $0.12. Kion Group's dividend payout ratio is 29.17%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kion Group in a research note on Friday, July 4th.

Kion Group Company Profile

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.