Wall Street analysts expect that KKR & Co Inc (NYSE:KKR) will announce earnings per share (EPS) of $0.41 for the current quarter, according to Zacks. Three analysts have issued estimates for KKR & Co Inc’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.33. KKR & Co Inc posted earnings of $0.60 per share during the same quarter last year, which would suggest a negative year over year growth rate of 31.7%. The company is expected to announce its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that KKR & Co Inc will report full-year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.53 to $1.75. For the next financial year, analysts expect that the company will post earnings of $2.05 per share, with EPS estimates ranging from $1.88 to $2.28. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $445.34 million. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the business posted $0.49 earnings per share.
KKR has been the subject of several analyst reports. Barclays initiated coverage on shares of KKR & Co Inc in a report on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price target for the company. Citigroup set a $34.00 price target on shares of KKR & Co Inc and gave the company a “buy” rating in a report on Friday, July 26th. Zacks Investment Research downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wells Fargo & Co raised their price target on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.28.
KKR traded up $0.13 on Friday, hitting $26.30. The company’s stock had a trading volume of 2,419,408 shares, compared to its average volume of 3,343,392. The company’s 50 day simple moving average is $26.89 and its 200-day simple moving average is $25.12. The firm has a market cap of $14.31 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 7.54 and a beta of 1.66. KKR & Co Inc has a 12 month low of $18.30 and a 12 month high of $29.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92.
In other news, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.52, for a total transaction of $279,255,192.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the sale, the general counsel now directly owns 73,528 shares of the company’s stock, valued at $1,925,698.32. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Griffin Asset Management Inc. bought a new stake in shares of KKR & Co Inc during the 2nd quarter worth $26,000. Captrust Financial Advisors raised its position in KKR & Co Inc by 53.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock worth $35,000 after purchasing an additional 487 shares during the period. Tower Research Capital LLC TRC purchased a new position in KKR & Co Inc in the 2nd quarter worth $39,000. Westside Investment Management Inc. purchased a new position in KKR & Co Inc in the 2nd quarter worth $50,000. Finally, Trust Co. of Vermont purchased a new position in KKR & Co Inc in the 2nd quarter worth $51,000. 76.79% of the stock is owned by institutional investors.
KKR & Co Inc Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
See Also: High-Yield Dividend Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.