Kennedy-Wilson Holdings Inc (KW) Releases Earnings Results, Beats Expectations By $0.13 EPS

Kennedy-Wilson Holdings Inc (KW) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $-0.15. The company posted revenue of $176.50 million in the period, compared to analysts expectations of $175.39 million. The company’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Kennedy-Wilson Holdings Inc opened for trading at $20.71 and hit $20.9 on the upside on Tusday, eventually ending the session at $20.83, with a gain of 0.73% or 0.15 points. The heightened volatility saw the trading volume jump to 4,83,333 shares. Company has a market cap of $2,368 M.

In a different news, on Jun 14, 2016, Stanley R Zax (director) purchased 50,000 shares at $18.80 per share price. According to the SEC, on Jun 14, 2016, William J Mcmorrow (CEO) purchased 20,000 shares at $18.83 per share price. On Mar 8, 2016, Kent Y Mouton (General Counsel) purchased 745 shares at $20.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Kennedy-Wilson Holdings Inc. is a global real estate investment and services company. The Company owns and operates real estate related investments. The Company holds around 61.5% interest in Vintage Housing Holdings LLC (VHH). VHH owns certain interests in around 30 multi-family properties totaling approximately 5485 units. The Company owns around 163 mixed-use properties located throughout the United Kingdom. It operates in two business segments: KW Investments and KW Services. KW Investments invests its capital in real estate-related assets. KW Services provides an array of real estate-related services to the Company and its investment partners third-party owners and lenders with a focus on financial institution based clients. The Company invests its capital in real estate assets and loans secured by real estate either on its own or with partners through publicly traded companies joint ventures separate accounts or funds.

Kennedy-Wilson Holdings Inc

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