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

Kingstone Companies (NASDAQ:KINS) announced its quarterly earnings results on Monday. The insurance provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39, Yahoo Finance reports. Kingstone Companies had a negative return on equity of 3.04% and a net margin of 0.22%. The business had revenue of $36.50 million for the quarter, compared to analyst estimates of $36.80 million. During the same quarter in the prior year, the company posted ($0.06) EPS. 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 Price Performance

Shares of NASDAQ KINS opened at $8.49 on Wednesday. The stock’s 50-day moving average is $5.57 and its two-hundred day moving average is $4.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.34 and a quick ratio of 0.34. Kingstone Companies has a 1-year low of $1.29 and a 1-year high of $8.69. The company has a market cap of $93.46 million, a price-to-earnings ratio of -838,000.00 and a beta of 0.56.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KINS. StockNews.com lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Janney Montgomery Scott began coverage on Kingstone Companies in a research note on Tuesday, July 16th. They set a “buy” rating and a $6.50 target price on the stock.

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.