Kingstone Companies (NASDAQ:KINS) Announces Earnings Results, Misses Expectations By $0.45 EPS

Kingstone Companies (NASDAQ:KINS) released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.45), Fidelity Earnings reports. The company had revenue of $38.60 million for the quarter, compared to the consensus estimate of $37.00 million. Kingstone Companies had a negative net margin of 6.03% and a negative return on equity of 10.93%.

NASDAQ KINS traded down $0.11 on Wednesday, hitting $7.52. 15,276 shares of the stock were exchanged, compared to its average volume of 57,358. Kingstone Companies has a 52-week low of $7.50 and a 52-week high of $18.74. The firm has a market capitalization of $82.19 million, a P/E ratio of 16.00 and a beta of 0.60. The stock has a fifty day moving average price of $8.09 and a two-hundred day moving average price of $8.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.48 and a current ratio of 0.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, November 27th. Kingstone Companies’s payout ratio is 53.19%.

Several research firms have commented on KINS. ValuEngine raised shares of Kingstone Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Kingstone Companies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th.

Kingstone Companies Company Profile

Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.

Featured Story: Cash Asset Ratio

Earnings History for Kingstone Companies (NASDAQ:KINS)

Receive News & Ratings for Kingstone Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingstone Companies and related companies with's FREE daily email newsletter.