Kingstone Companies (NASDAQ:KINS) Updates FY 2024 Earnings Guidance

Kingstone Companies (NASDAQ:KINS) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.300-1.600 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of -. Kingstone Companies also updated its FY 2025 guidance to 1.450-1.850 EPS.

Kingstone Companies Trading Up 3.5 %

KINS stock opened at $13.29 on Wednesday. Kingstone Companies has a 12-month low of $1.95 and a 12-month high of $13.54. The business’s 50-day moving average is $9.99 and its 200 day moving average is $7.52. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $164.12 million, a price-to-earnings ratio of 10.22 and a beta of 0.55.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $40.77 million during the quarter, compared to analysts’ expectations of $41.80 million. Kingstone Companies had a return on equity of 32.55% and a net margin of 10.60%. During the same period in the previous year, the business earned ($0.27) earnings per share. On average, sell-side analysts anticipate that Kingstone Companies will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kingstone Companies from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Activity

In other Kingstone Companies news, Director Carla D’andre purchased 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $10.98 per share, with a total value of $43,920.00. Following the purchase, the director now directly owns 4,000 shares in the company, valued at approximately $43,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.20% of the company’s stock.

Kingstone Companies Company Profile

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.