Kingfisher plc Expected to Post FY2023 Earnings of $0.80 Per Share (OTCMKTS:KGFHY)

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Kingfisher plc (OTCMKTS:KGFHY) – Investment analysts at Jefferies Financial Group lifted their FY2023 earnings per share estimates for shares of Kingfisher in a note issued to investors on Tuesday, January 12th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will post earnings of $0.80 per share for the year, up from their prior estimate of $0.76.

A number of other analysts have also commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Kingfisher in a research note on Wednesday, September 23rd. Zacks Investment Research lowered shares of Kingfisher from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Kingfisher in a report on Wednesday, November 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kingfisher in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a report on Friday, November 20th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Kingfisher currently has a consensus rating of “Hold” and a consensus price target of $9.25.

KGFHY stock traded down $0.04 during midday trading on Thursday, reaching $7.69. 98,136 shares of the company’s stock traded hands, compared to its average volume of 137,055. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.49 and a beta of 1.46. The firm’s fifty day moving average price is $7.30 and its 200-day moving average price is $7.11. Kingfisher has a 52 week low of $2.50 and a 52 week high of $8.51.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing, and IT services. It operates approximately 1,350 stores in nine countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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Earnings History and Estimates for Kingfisher (OTCMKTS:KGFHY)

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