Kingfisher (LON:KGF) Shares Down 11.3% – Here’s What Happened

Kingfisher plc (LON:KGF)’s stock price fell 11.3% during mid-day trading on Tuesday . The company traded as low as GBX 244.40 ($3.15) and last traded at GBX 248.20 ($3.20). 364,377,531 shares traded hands during trading, an increase of 807% from the average session volume of 40,179,844 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Price Performance

The firm has a 50-day moving average of GBX 251.17 and a 200 day moving average of GBX 270.47. The company has a market capitalization of £4.32 billion, a PE ratio of 13.01, a PEG ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

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%. As a group, research analysts anticipate that Kingfisher plc will post 23.6949924 earnings per share for the current fiscal year.

Kingfisher Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a GBX 19.72 ($0.25) dividend. This represents a yield of 3.44%. The ex-dividend date is Thursday, March 27th. This is an increase from Kingfisher’s previous dividend of $3.80. Kingfisher’s payout ratio is 63.94%.

About Kingfisher

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.