Kingstone Companies (NASDAQ:KINS) Issues Q3 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.500-0.500 for the period, compared to the consensus EPS estimate of 0.210. The company issued revenue guidance of -.

Kingstone Companies Stock Performance

NASDAQ KINS traded up $0.29 during trading hours on Thursday, hitting $10.62. The company had a trading volume of 256,011 shares, compared to its average volume of 77,179. Kingstone Companies has a fifty-two week low of $1.67 and a fifty-two week high of $12.41. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $6.79. The firm has a market cap of $117.51 million, a P/E ratio of 23.79 and a beta of 0.57.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Monday, August 12th. The insurance provider reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Kingstone Companies had a return on equity of 13.61% and a net margin of 3.74%. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $36.80 million. During the same period last year, the company earned ($0.06) earnings per share. Equities analysts predict that Kingstone Companies will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

KINS has been the subject of several recent analyst reports. Janney Montgomery Scott initiated coverage on Kingstone Companies in a research note on Tuesday, July 16th. They issued a “buy” rating and a $6.50 price target for the company. StockNews.com raised Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.