Kingstone Companies, Inc (NASDAQ:KINS) is set to announce third quarter earning results on Friday 6th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KINS to report 3Q20 loss of $ 0.45 per share.
For the full year, analysts anticipate top line of $ 105.43 million, while looking forward to loss of $ 0.17 per share bottom line.
Previous Quarter Performance
Kingstone Companies, Inc unveiled income for the second quarter of $ 0.23 per share, from the revenue of $ 26.64 million. The quarterly earnings elevated 130.00 percent while revenues declined 14.62 percent compared with the same quarter last year.
Wall street analysts are predicting, KINS to report 2Q20 income of $ 0.22 per share from revenue of $ 27.57 million. The bottom line results beat street analysts by $ 0.01 or 4.55 percent, at the same time, top line results fell short of analysts by $ 0.93 million or 3.37 percent.
Stock Performance
Shares of Kingstone Companies, Inc traded up $ 0.10 or 1.68 percent on Thursday, reaching $ 6.07 with volume of 8.70 thousand shares. Kingstone Companies, Inc has traded high as $ 6.14 and has cracked $ 5.92 on the downward trend
According to the previous trading day, closing price of $ 6.07, representing a 54.26 % increase from the 52 week low of $ 3.87 and a 32.47 % decrease over the 52 week high of $ 8.84.
The company has a market capital of $ 64.77 million and is part of the Financial Services sector and Insurance Brokers industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.04 per share on August 6, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
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. It also provides commercial liability policies, such as business owners policies comprising primarily of small business retail, service, and office risks; artisans liability policies for small independent contractors; multi-peril policies for larger and specialized risks, and business owners risks; and commercial umbrella policies.
