Kingstone Companies (NASDAQ:KINS) Announces Quarterly Earnings Results

Kingstone Companies (NASDAQ:KINS) issued its quarterly earnings results on Tuesday. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50, Zacks reports. The firm had revenue of $40.77 million for the quarter, compared to analyst estimates of $41.80 million. Kingstone Companies had a return on equity of 37.53% and a net margin of 10.60%. During the same period in the previous year, the company posted ($0.27) earnings per share.

Kingstone Companies Trading Down 9.4 %

NASDAQ:KINS opened at $10.80 on Friday. The stock has a market capitalization of $119.45 million, a PE ratio of 8.31 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.37 and a quick ratio of 0.37. Kingstone Companies has a fifty-two week low of $1.95 and a fifty-two week high of $12.81. The business’s 50-day simple moving average is $9.76 and its 200-day simple moving average is $7.29.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Kingstone Companies from a “buy” rating to a “hold” rating in a report on Tuesday.

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.