Kingstone Companies (NASDAQ:KINS) Issues Quarterly Earnings Results, Meets Estimates

Kingstone Companies (NASDAQ:KINS) issued its earnings results on Monday. The insurance provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39, Yahoo Finance reports. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $36.80 million. Kingstone Companies had a net margin of 0.22% and a negative return on equity of 3.04%. During the same quarter last year, the business posted ($0.06) earnings per share. Kingstone Companies updated its FY 2025 guidance to 1.200-1.600 EPS and its FY 2024 guidance to 1.000-1.300 EPS.

Kingstone Companies Trading Up 2.3 %

Shares of Kingstone Companies stock traded up $0.19 during midday trading on Wednesday, reaching $8.57. The company had a trading volume of 7,771 shares, compared to its average volume of 34,330. The stock has a fifty day moving average price of $5.57 and a 200 day moving average price of $4.57. Kingstone Companies has a fifty-two week low of $1.29 and a fifty-two week high of $8.69. The firm has a market cap of $94.34 million, a PE ratio of -838,000.00 and a beta of 0.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.34 and a quick ratio of 0.34.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KINS. StockNews.com downgraded Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Janney Montgomery Scott initiated coverage on Kingstone Companies in a research report on Tuesday, July 16th. They issued a “buy” rating and a $6.50 target price for the company.

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.